SMALL BUSINESSES               By Lisa A. Ditkowsky
(and Pllush Capital Management)

Image© Raf Winterpacht

Many of our Baby Boomer Financial Planning clients and Greatest Generation Financial Planning clients own small businesses in America. We work with Matriarchs and Patriarchs of long-established family businesses. Some have grown quite large, and may even be considered mid-sized businesses.

Our older business owner clients frequently come to us for help in Estate Planning, Asset Protection and Business Analysis to plan to succeed the family business to the next generations.

Another common concern of our Business Owner clients is Cash Flow Planning and planning for Income and Liquidity within the businesses' needs.

The enduring theme we notice with family businesses is that it is often late in the game that families come to us to try and plan to avoid taxes in transferring business interests to the next generation. Some just want help in transitioning the businesses to be successfully run by their heirs. Many families have not reviewed their business succession plan every year or every other year, and corporate, insurance and tax laws are constantly changing. Estate tax laws are always in flux too. Just because a Business client has done planning does not mean the planning meshes with the current legal and tax environment.

Pllush Capital Management and Lisa Ditkowsky, CERTIFIED FINANCIAL PLANNER™, help business owners though the tough matters of:

  • Employer-sponsored Retirement Plans
  • Employee Benefits
  • Tax Planning
  • Tax Minimization and Payroll (via our network of Accounting and Payroll partners)
  • Cash Flow Management
  • Income Strategy Planning
  • Turnaround Services (via our network of Legal and Business Consultants)
  • Insurance Planning
  • Investment Planning
  • Estate Planning (the Business and its stock as an Estate Asset)
  • Buy Sell Agreement Analysis

Pllush Capital Management loves small business in America. YOUR SUCCESS STORY IS OUR PASSION!

While the Greatest Generation has some of the most enduring businesses in America, so do the Baby Boomers. The Baby Boomers are masters of reinvention. We have seen many a Baby Boomer Business Owner reinvent himself or herself again and again, only to reach new levels of success with each venture.

Baby Boomers do not know how to fail, and ever since the first Boomer hit full retirement age (66), hundreds of books and articles have been written about how the Baby Boomers are redefining and reinventing "retirement". Why would a generation who believed (thanks to their Greatest Generation parents) that the world was their oyster turn in all the pearls now? We are seeing Baby Boomers recreate entrepreneurship again and again.

As a result of the great entrepreneurial spirit and headwinds created by the Baby Boomers, many Generation Xers are taking over their parents' businesses. To the Gen-Xers, what some might view as a windfall is often fraught with unnecessary stress that could be avoided if the parents do the correct advance Business Planning with a CERTIFIED FINANCIAL PLANNER™ who has harnessed a power network of service professionals.