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Business Planning Strategies

Planning Strategies to Help Protect & Grow Your Business

The success of most small businesses depends on more than the expertise and ideas of the business owner(s). What started out as a one-person shop has grown into a mature business as more colleagues have joined you on your business journey.

You have worked hard to build something everyone can be proud of. Now is the time to take steps to help ensure the success and survival of your business for generations to come. Your Financial Representative and Lafayette Life can offer a range of solutions to help you keep the valuable employees you have and be prepared should the unexpected occur.

Plan for the Future of Your Business

As a small business owner, your business is responsible for a large percentage, if not all, of your current income and total net worth. This makes the preservation of your business value and the continuation of your business in the event you pass or are unable to continue in your current capacity very important to you and your family. Business continuation planning may be an important matter a business owner needs to tackle to help ensure his or her business remains in good hands.

Buy-Sell Agreement

Find out how a buy-sell agreement can help protect the survival of your business.

Explore the Value of a Buy-Sell Agreement

Key Person Insurance

Learn how to help protect your business from unexpected loss with key person insurance.

Build Security With Key Person Insurance

small business business planning strategies

Stand Out With Benefits for Your Key Contributors

Non-qualified incentive or bonus plans are tax-deferred, employer-sponsored plans designed to reward key contributors to your business. These kinds of plans give you the freedom to decide where your hard-earned dollars go with few limitations and little administrative hassle.

Executive Bonus Arrangements

Consider how your business can help attract and retain key contributors with incentive programs.

Attract Employees With Executive Bonus

Split Dollar Arrangements

Share the cost of providing supplemental retirement benefits using life insurance.

Learn More About Split Dollar Arrangements

Let’s Team Up for Success

You and Lafayette Life could be a winning combination together. Whether you are ready to become a Financial Representative or would like to learn more about working with Lafayette Life, we are eager to hear from you.

Become a Financial Representative

Learn More About Working With Us

IMPORTANT DISCLOSURES

The Lafayette Life Insurance Company does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Lafayette Life cannot guarantee that the information herein is accurate, complete or timely. Lafayette Life makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Please consult an attorney or tax professional regarding your specific situation.