Check the background of this financial professional on FINRA's BrokerCheck. CRS Form (Client Relationship Summary)
Small Business Financial Services
Can your business afford to not have a plan?
We will design the incentives that will keep your employees happy and you profitable.
How much is your business worth?
Get a data-derived valuation by answering just a few easy questions.
Key people are valuable.
Help protect your business against the loss of a key person.
We provide the resources, training, and expertise to develop a critical life skill - financial literacy.
Financial Planning
for Small Business Owners
Business Plans
Your business is constantly changing, we help keep you on track
A good business plan often equates to a profitable business
Together we will try to help you:
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Explore Your Target Markets
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Perfect Your Elevator Pitch
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Forecast Expenses and Profits
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Stay Focused with Milestones
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Review and Understand Your Numbers
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Develop a Marketing Plan
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Design Your Company's Benefits Plan
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Become a Profit-Centered Business
Employer Sponsored Benefits
We aim to help keep your employees happy and you profitable
We can protect your employees and their families with ultra competitive insurance options.
Succession Planning
Facing retirement or declining health?
We'll help you plan for smooth business continuation with a well-funded buy-sell agreement
Is a Buy-Sell Agreement Right for You? Ask yourself:
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Are there other owners of your business?
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Do you have a succession plan in place in case of death or retirement? Is it funded?
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Has a business continuation plan been discussed with family members and key employees?
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If one of your business partners dies, do you want to continue to do business with the deceased partner’s heirs?
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Will your business partners look after your family’s financial needs?
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Will there be enough cash to settle your estate expenses?
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Will your family receive a fair price for your share of the business?
Two Types of Buy-Sell Agreements:
A Buy-Sell Agreement Provides:
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Cross purchase - Other stockholders purchase the stock of the departing member
- Stock redemption - The corporation purchases the stock of the departing member
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An agreed upon price
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A guaranteed buyer
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Prompt settlement
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Fixed estate tax value
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Relief to family from burdens
Buying or Selling a Financial Practice in Springfield or Eugene... Let us Know
How much is your business worth?
We partner with Ohio National Insurance Company and produce these reports via BizEquity
Know your business values...
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Equity Value
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Enterprise Value
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Asset Sale Value
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Liquidation Value
Why get a valuation?
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To secure financing
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For proper credit and risk management
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To sell a business for full market value
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To make the most out of your business
You will need:
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Two most recent business income tax returns and other relevant figures (goodwill, intellectual property, etc.)
Retirement Plans
Ask us about profit-sharing, pensions, and 401Ks
Oregon Small Business Retirement Plan Options
(for information purposes only)
Oregon Saves
Features
Tax-free growth
Tax-free withdrawals (retirement)
Employer Contributions:
None
Employee Contributions:
Up to $7,000 (8,000 if over 55) in 2024
Up to $6,500 (7,500 if over 55) in 2023
Employer's Role
Must register with OregonSaves
Submit employees' contributions
Key Exclusion Criteria
Employees must be 18 years old
Employee-centered
Portable, can easily move from company to company
Investment Options
Very limited
*This is for informational purposes only, please speak to a financial professional before making investment decisions.
SEP IRA
Features
Invest pre-tax dollars
Tax-free growth
Employer Contributions:
1-25% of employees’ income**
Employers are not required to contribute annually. The 2024 max contribution is $69,000 (2023 max $66,000)
Employee Contributions:
None
Employer's Role
Must certify exemption
Submit employees' contributions
Key Exclusion Criteria
Employees must have worked 3 of last 5 years and earned at least $750 per year (2023).
Owner/Employee-centered
Total traditional IRA and Roth IRA contributions cannot exceed $7,000 for 2024 (8,000 if over 55) and may be made in addition to SEP contributions.
Investment Options
Very diverse with TMFS
*This is for informational purposes only, please speak to a financial professional before making investment decisions.
**Self-employment tax must be subtracted which results in a lower maximum contribution.
SIMPLE IRA
Features
Invest pre-tax dollars
Tax-free growth
Employer Contributions:
2% non-elective
or
3% elective
Employee Contributions:
$16,000 in 2024
+$3500 catch up for age 50+
Employer's Role
Must certify exemption
Submit employees' contributions
Key Exclusion Criteria
Employees must have worked 2 straight years and earned $5,000 and are expected to do so again (2023).
Balanced
Employees only get company match if they participate
Investment Options
Very diverse with TMFS
*This is for informational purposes only, please speak to a financial professional before making investment decisions.
Is your business OregonSaves Compliant?
Oregon Saves
"Oregon employers are required to facilitate OregonSaves if they don’t offer an employer-sponsored retirement plan."
Penalties for Non-compliance
$100 for the first year per eligible employee
Up to $5,000 annually (2023).
Life Insurance
We help you and your employees' families prepare for the unthinkable
Universal Life Insurance
Premiums
Flexible
Duration*
Permanent (for life)
Cash Value:
Yes
Grows tax-differed
Can be withdrawn tax-free as policy loans**
Death Benefit:
Tax-free
*This assumes all premiums are payed on time and in full.
**Under current tax law, policy loans are viewed as a return of principal and can be with taken out tax-free, certain restrictions such as those imposed on modified endowment contracts may apply.
Whole Life Insurance
Premiums
High
Duration*
Permanent (for life)
Cash Value:
Yes
Grows tax-differed
Can be withdrawn tax-free as policy loans**
Death Benefit:
Tax-free
*This assumes all premiums are payed on time and in full.
**Under current tax law, policy loans are viewed as a return of principal and can be with taken out tax-free, certain restrictions such as those imposed on modified endowment contracts may apply.
Key Person Insurance
What is it?
Key Person Insurance provides a death benefit to the policy owner in the event of the death of an essential employee.
Who needs it?
If people are your business's greatest asset, you may need Key Person Insurance.
Who is a Key Person?
Someone who's contribution to your business is significant and who's death would place a financial burden on the business.
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Executives
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Top sales people
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Highly visible employees
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Financiers
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Highly skilled or talented employees
What happens when a key person dies?
Your business may need to...
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Hire and train a new employee
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Rebuild company morale
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Pay money to the deceased's family
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Repair credit hurt by the loss
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Replace lost earnings
How much is a key person worth?
Valuation Methods:
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Multiple of salary
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Contribution to earnings
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Present value of projected loss in earnings
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Replacement Cost
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One year's profit
How does it work?
3 Easy Steps
If key person dies, benefits are paid to the business income tax free
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Determine value of employee
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Get employee's consent and apply for insurance
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Pay Premium- Business is payer, owner, and beneficiary