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Running a successful business takes hard work and dedication. The same can be said for managing your own personal wealth. At Key Private Bank, our team includes financial advisors who specialize in serving business owners, helping them manage their wealth while meeting their unique challenges and needs.

Your Life

The demands of operating a business often cause business owners to put off important personal wealth management issues. Yet implementing some basic planning strategies can help you make sound decisions for you, your family and employees, plus maximize the value of your business when you are ready to sell.

Your Plan

These questions can help you start thinking through what you need for a solid financial plan.

  1. How much wealth do you want/need to retire or meet your personal, financial goals?
  2. Are you willing to make gifts of interest in the family business to your children, or trusts for their benefit, if you can maintain management control?
  3. Are you and your spouse in agreement as to the ultimate disposition of the family business?
  4. Are you planning to keep the business in the family?
  5. When you retire, do you still want to retain some control over the business?
  6. If you die unexpectedly or become disabled, will your family have sufficient liquid resources to hire someone to replace you and provide adequate ongoing capitalization?
  7. If you have multiple owners, is there a buy-sell agreement in place that provides for a reasonable valuation for the business and terms of payment if the business is sold?

Our Approach

At Key Private Bank, we’ll work with you to develop a financial plan that guides you in addressing all of the questions above – and much more. We understand that a financial plan is so much more than getting a return on your investment: It’s bringing together your goals and aspirations with the reality of your life, market forces and business operations.

Access Our Expertise and Insights

Browse our resources and articles below to learn more about the latest trends that could impact your
wealth management as a business owner.

Resources

Business Insurance Costs and Losses May be Deductible

Business insurance is an important protection for your business. It’s your shield against property damage, personal injury lawsuits, and other business losses.

April 2018
Tax Perspectives

Top 10 Year-End 2018 Tax Planning Ideas for Business Owners

For businesses, the centerpiece of the Tax Cuts and Jobs Act (TCJA) that was signed into law on December 22, 2017 was a permanent reduction of the corporate tax rate to a flat 21%.

October 2018
Resources

Disaster Preparedness for Businesses

As a successful business owner, you don’t want to think about your operations being interrupted by a natural disaster or other unexpected event.

April 2018

Disclosures

Investment products are:

NOT FDIC INSURED NOT BANK GUARANTEED MAY LOSE VALUE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY