Financial, Tax, and Estate Planning Services near Hagerstown, MD

Business Owners

Business Planning

Goal Setting and Strategy: Joint collaboration to define your business goals (growth, expansion, profitability) and create a financial roadmap to work toward them.

Financial Analysis: Assess the business's current financial health, analyzing cash flow, profitability, and debt levels. Identify areas for improvement and potential roadblocks.

Funding and Investment Strategies: Explore funding options for growth (loans, grants, investments) and develop strategies that seek to manage them effectively.

Tax Planning Strategies: Develop tax-planning strategies that may keep more money flowing back into the business for growth and innovation. This could involve exploring deductions, credits, and entity structures.

Personal Planning

Business Owner Compensation: Advise on how to structure owner compensation, considering salary, bonuses, and profit sharing, offer appropriate tax strategies and personal financial well-being.

Retirement Planning: Help you plan for retirement, considering factors like business ownership and potential sale. Explore options like IRAs or Solo 401(k)s suitable for self-employed individuals.

Risk Management: Identify and mitigate potential financial risks for you as the owner, such as business failure, health issues, or disability. This might involve personal insurance planning and business continuity strategies.

Succession Planning Strategies

Identify and Develop Successors: This involves pinpointing potential successors within the company, assessing their skills and experience, and creating a development plan to bridge any gaps before transitioning leadership roles.

Ownership Transfer Strategy: This entails defining how ownership will be transferred to the successor(s). It could involve a buyout, gifting shares gradually, or an Employee Stock Ownership Plan (ESOP).

Communication and Transparency: Keeping all stakeholders informed throughout the process is crucial. This includes clear communication with the successor(s), employees, and potentially clients or partners.

Financial Planning and Tax Considerations: Both owner and successor need to consider the financial implications of the transition. This involves planning for the sale or transfer of ownership while seeking to minimize tax implications.

Employee Retirement Savings

Offering Retirement Savings Options: Provide retirement savings plans like a 401(k) with employer matching contributions. Matching contributions incentivize employees to save and significantly boost their retirement nest egg. Consider offering a Roth 401(k) option for potential tax-exempt growth in retirement.

Automatic Enrollment and Education: Automatically enroll employees in the retirement plan and offer educational resources to help them understand the program and make informed contribution choices as they seek to maximize their long-term savings.

Investment Options and Guidance: Provide a range of investment options within the retirement plan catering to different risk tolerances and retirement goals. Offer investment guidance or access to investment tools to help employees make informed investment decisions within the plan.

Beyond the numbers, we see your vision.

Invest in Your Business Future. Sign up for a no obligation consultation and explore strategic financial planning options.

cortnie.beaver@prudential.com

223-386-6521

20140 Scholar Drive • Suite 311 • Hagerstown, MD 21742

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Cortnie Beaver is a Financial Planner with, and offers securities and investment advisory services through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.

LPLE and LPL Financial are not affiliated with Skye Wealth Management.

The LPL Enterprise registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation.

Skye Wealth Management does business in the following states:

Securities: DC, MD, PA, VA, WV Variable Life Insurance: DC, MD, PA, VA, WV
Mutual Funds: DC, MD, PA, VA, WV Fixed Annuities: DC, MD, PA, VA, WV
Life Insurance: DC, MD, PA, VA, WV Variable Annuities: DC, MD, PA, VA, WV

Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

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