When approaching retirement, most business owners have two primary motivators for wanting to get as much as possible out of their business. They are either concerned about a sustainable retirement. Or they want maximum compensation for their many years of hard work. Regardless of reasoning, traditional methods are typically counter-productive to reaching objectives.

Taxes, capital gains on proceeds from the sale, commissions, lender’s fees and interest on loans can make you second-guess moving on from your business. But the truth is, you don’t need to involve a banker if you’re selling your company to an employee. And a broker is unnecessary if the transaction is going to an outsider. These two traditional paths for exit planning come with the following negatives:

• Dependent on appraisal and marketability
• Taxed at sale and throughout retirement
• Hefty broker commissions and lending fees
• Owner-financing risks or intrusive lender
• Business, employee retention and market risk

A simpler option exists. Exit planning doesn’t have to be complicated or corrosive to wealth. Without involving bankers and brokers, retiring business owners have the capability of implementing a tax-friendly exit with reduced costs and risk. How? It’s as easy as:

1. Determine a desired target value.
2. Systematically transition funds from the business into tax-advantaged savings vehicles.

And the only individuals a good number of private businesses need to executive this plan is a corporate attorney, a quality CPA and a wealth manager or retirement plan consultant who is well-versed in executive benefit plan design. Omnia features all of those as part of our niche team of advanced professionals. No banks. No brokers. No fuss. Just the following pluses:

• Tax-conscious
• Cost-conscious
• More control
• Reduced risk

We’re Here to Help

Executive compensation programs can be a powerful tool for retiring owners looking to attract, develop or retain a viable successor. Or, if necessary, the business can simply dissolve. As a privately owned business ourselves, Omnia Executive relates to the obstacles you’re facing. Our interests are aligned with yours, and we possess the quality and know-how to administer a smooth succession or exit from your business.

We understand you don’t want to be forced to borrow gobs from the bank and subsequently pay interest on a loan. You don’t want the risks and costs attached to owner-financing, relying on the new owner to succeed for your wealth to remain intact. Or the fact that a big check from the successor comes with a 20 percent capital gains tax and income tax hits every year thereafter. Plus a quick turnaround for you to invest that money in a taxable investment account complete with fees.

Omnia Executive will teach you our secret sauce to set you up for prosperity in retirement. No one has to borrow any money. No one has to take out a loan. No one incurs a major tax ding. No bankers, brokers or commissions. Those are replaced with tax deductions and year-over-year tax savings while you’re enjoying retirement. We’re different, we’re saving our clients money and we’d love the opportunity to see how we can serve you.