and Advisory Practice
As with individuals and families, all businesses are unique with unique opportunities and challenges. White Street will work with owners, principals and employees to design, implement and manage plans and strategies that make sense for the particular situation of the business.
We can assist with small business planning and financing, partnership arrangements, buy-sell agreements, employment benefit plans such as Flexible Savings Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), group life, health and disability plans, section 125 plans, various qualified retirement plan installation and management, and succession planning.
In some cases, a defined benefit plan (a company sponsored pension plan) can make enormous sense for certain incorporated businesses. Many small businesses operate as sole proprietorships…..does incorporation make sense? How will certain benefit plans be implemented? What are the costs? When do I need to get an accountant or lawyer involved? How will employees react to changes made within the organization? Should I, as an owner, develop now an exit plan ... how and when do I get out?
White Street has experience to help with all of these questions.
White Street can also provide written material and on-site seminars for employees on a variety of topics, such as the process and power of goal setting, the value of financial planning, debt reduction strategies, how to fund college tuition, the importance of estate and incapacitation planning, etc. More and more evidence suggests that financially aware employees have less debt, are more engaged and are more productive on the job ... a distinct and measurable bottom line enhancement.