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Business Planning

Most business owners believe that the most integral part of business planning is ensuring the stability of one’s business in case they die or become disabled. But it is more than just that. It is also very important to reward themselves and their key people while they are still living.

Most business owners Connolly & Associates, Inc. has worked with, do not have the time to effectively plan for some of their business’ basic financial needs. We help owners grow their business and meet their personal financial goals by establishing a healthy balance between personal and professional needs.

We know that business owners have numerous concerns regarding the future of their business.

We provide considerable insight on those concerns. We also help our clients with:

Income tax planning
Financial strategies
Business Continuation Planning
Estate Planning
Employee Benefits
Benefit Options
Employee Benefits Planning Process
Executive Compensation Planning
Building a business to its present level has been a significant achievement, and undoubtedly a great source of pride. Keeping it going and growing for years to come can represent a lasting legacy for a business owner’s employees, their customers, and their family. There are many facets to consider, and there is no time like the present to begin.

Contact us today for more information

Business Continuation Planning

Could your enterprise survive the death or disability of one of your principals? The answer lies in your business continuation plan. We can help you prepare a program that includes:

A business valuation, if appropriate
Funding options, including life and disability insurance
 

Estate Planning

What makes running a closely held business so rewarding -- the clear relationship between corporate success and personal fulfillment -- makes your own financial situation unique. Our estate planning services include:

An integrated approach to personal and employee benefit planning
Individual employee counseling at no expense to your business
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Employee Benefits

Providing an affordable Employee Benefits' package continues to be one of the greatest challenges for today's employers. Employee Benefits are the largest component of payroll added costs. We put our considerable experience in this field to work on delivering alternatives to our clients. We evaluate the design of different benefit packages to achieve the best pricing structure and advise on implementing such options.

These options include:

401(k) plans
Pensions
Group Life
Group Health
Group Disability
Human Resource Services
Diversity Status Employee Benefits Business
Where possible, these plans allow for cost savings through tax deductible contributions.
The Employee Benefits Planning Process:

Conduct a competitive analysis of your Employee Benefit programs
Identify issues & deficiencies in your plans
Assess internal administrative and technology resources
Develop Employee Benefit plan designs and cost containment strategies
Customize options for cost-effective deployment
Align corporate and line management to an agreed course of action
Manage the change process
Develop support and communications programs
Monitor the progress of the new programs to assure goal attainment
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Executive Compensation Planning

Attracting and retaining valued employees only begins with salary. We can help you reward your executives with more:

Long-term, tax-advantaged savings opportunities designed to complement any business-wide retirement plan
Variable universal life insurance that starts affordable, includes ample investment options -- and becomes a more attractive benefit over time
Pre-funded severance benefits significantly richer than those offered by other small businesses