Business Planning

Protect what you've built.

Running a business means your personal and professional finances are deeply connected. We help business owners address the gaps most people overlook — before they become problems.

Business owners face unique financial risks

Most business owners are so focused on growing their company that they neglect the financial planning that protects it. What happens to your business if you die unexpectedly? If a key employee leaves or passes away? If your partner wants out? These aren't hypotheticals — they're risks every business owner needs a plan for.

Business planning solutions

We work with business owners across industries to address the financial risks and opportunities that come with ownership.

Business continuity

Key Person Insurance

If your business depends on one or two critical people — including you — key person insurance protects the company if that person dies or becomes disabled. It provides capital to recruit a replacement, pay off debts, or wind down operations if necessary.

Why it matters

Most businesses don't survive the unexpected loss of a key person without a financial cushion.

Ownership transition

Buy-Sell Agreements

A buy-sell agreement is a legally binding plan for what happens to business ownership when a partner dies, becomes disabled, retires, or wants to exit. Life and disability insurance are typically used to fund the buyout — ensuring a smooth transition without financial strain.

Why it matters

Without a funded buy-sell agreement, a partner's death can force a fire sale or leave families in business together against their will.

Attract & retain talent

Executive Benefits

Supplemental executive retirement plans (SERPs), deferred compensation, and executive life insurance help you attract and retain top talent with benefits that go beyond what a standard 401(k) can offer.

Why it matters

Competing for top talent means offering more than salary — executive benefits are a powerful and tax-efficient tool.

Tax-advantaged savings

Business Owner Retirement

Self-employed and business owners have access to powerful retirement savings vehicles — SEP-IRAs, Solo 401(k)s, defined benefit plans — that allow significantly higher contributions than standard employee plans.

Why it matters

Business owners often under-save for retirement because they assume the business will fund it. A dedicated plan is essential.

Long-term exit strategy

Succession Planning

Whether you plan to sell your business, pass it to family, or transition to key employees, succession planning ensures the process is orderly, tax-efficient, and aligned with your personal financial goals.

Why it matters

For most business owners, the business is their largest asset. A succession plan protects its value.

The full picture

Personal Financial Integration

We help business owners separate personal and business finances, build personal wealth outside the business, and create a financial plan that doesn't depend entirely on the company's success.

Why it matters

Concentration risk is real — having all your wealth tied up in one business is a risk most owners don't fully appreciate.

Who we work with

Small Business Owners

From sole proprietors to companies with 50+ employees, we help small business owners build financial plans that protect the business and their personal future.

Business Partners

Multi-owner businesses need clear agreements and funded plans for every ownership transition scenario. We help partners get aligned before a crisis forces the conversation.

Self-Employed Professionals

Consultants, contractors, physicians, attorneys, and other self-employed professionals have unique planning needs — especially around retirement savings and income protection.

Family Businesses

Family businesses face the added complexity of mixing personal relationships with financial decisions. We help families plan for succession, ownership transfer, and estate equalization.

Common questions

Your business deserves the same planning as your personal finances.

Let's start with a conversation about where you are and what you're trying to protect.

Modern Life Planning

Independent financial planning for families, professionals, and business owners. Practical guidance for the decisions that matter most.

Contact

ModernLifePlanning.com

[email protected]Schedule a Conversation

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