Small Business Owners

SMALL BUSINESS OWNERS

When you’re busy being chief bottle washer as well as CEO in order to grow your business, it’s tough to ensure that you’re doing all the right things in order to maximize your finances. Is there a better way?

Chip and Renee Wittrock understand small business ownership at a fundamental level because he and Renee Wittrock have been small business owners for decades. Entrepreneurs and business owners have unique needs, and they usually are pulled in so many different directions that they are struggling to have enough hours in the day to get everything done—let alone taking time out to plan for their future. But planning is exactly what you need to do, and we can help.

From start-up through growth and into your exit and transition, we will
be there to help you every step of the way. We will show you how to
develop executive benefit plans, retain key people and minimize
adverse effects from the loss of a key person. We will also help you
design and implement cost-efficient and tax-efficient benefits.

LIFE CYCLE BUSINESS PLANNING
RETIREMENT PLANNING

Do you have a plan for retirement? Depending upon your business
structure (C corporation, S-Corp, LLC, etc.), there may be ways for you
to maximize what you can put away every year. We can help you
determine that, plus help you to develop a custom investment solution
that is tailored to your goals, risk tolerance and time horizon. We will
focus on who you are as an investor and leverage the revenues of your
business to meet your personal retirement goals.
RETIREMENT BENEFITS FOR YOUR
EMPLOYEES

The cornerstone to any benefit package is a retirement plan…among
the most valuable employee benefits available. We understand the
unique needs of plan sponsors—you become a plan sponsor when
you offer a retirement plan like a 401(k)—and participants. We work
closely with you on the development of an appropriate plan and
investment choices, compliance with ERISA, plan monitoring and
annual review and analysis.
PROTECTING YOUR BUSINESS
AND COMPENSATING EXECUTIVES

There are a number of insurance options geared specifically towards
protecting your business and personal assets, including “Key Man”
policies and Company Owned Life Insurance (COLI) policies, where the
business is both owner and beneficiary. The employees designated as
key are determined solely by you, and benefits may be triggered by a
loss like departure or death. Other policies are available to help with
executive compensation, retention and succession strategies.
SUCCESSION PLANNING

Exiting your business after years of hard work can be overwhelming.
And without a plan, you may not recognize the full potential of your
company and its value. With an exit strategy and succession plan in
place, you can properly close or transfer your business to interested
parties while keeping yourself financially secure even after you’ve left.
A well-designed and thought-out plan will include proper timing and
consider your goals as well as the objectives of all parties concerned.

LET US HELP

As a business owner or executive, we know how hard it is for you to meet business challenges alone. We’ve been in your shoes! Know that when we meet with you, we understand that you’re taking time away from vital day-to-day operational tasks, not the least of which is meeting and exceeding your customers’ demands. We won’t waste your time. We will get straight to the point and help you hone in on what might best help you achieve your future goals.

STAY IN

TOUCH

OUR OFFICE
Chip Wittrock, Financial Advisor
Renee Wittrock, Business Development Manager
Wittrock Financial
1719 Hill Avenue
Spirit Lake, Iowa 51360

PHONE
800-725-8780

info@lifeaudit101.com

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