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Business Interest

Every business needs a plan; a strategy that defines your goals and how to reach them. Whether you are newly self-employed, or already have a small business, a simple business strategy can take your business to the next level. Champion Wealth Management offers a full range of financial consulting services, through our advisers affiliation with LPL Financial, which are specifically tailored to help you grow and manage your business.

Common Concerns of
Business Owners

More often than not, many decide to start a business without preparation or sufficient information or experience. Being a small business owner is fun, challenging, but never easy. Whether you are just starting a business or already running one, there are a number of common concerns shared by entrepreneurs:

Getting the work done

  • Attracting qualified people
  • Retaining employees to reduce training cost
  • Offering affordable benefits

Managing Short-Term Cash

  • Funds to run the business
  • Reliable protection
  • Accessing the account
  • Earning interest on the account

Planning for Business Succession

  • To whom?
  • At what price?
  • Source of funds?
  • Provision for estate taxes?

Building and Protecting Personal Wealth

  • How to accumulate?
  • How to protect?

Managing Personal and Business Taxes

  • Increase efficiency
  • Reduce liability

Solutions for
Business Owners

One important planning step often skipped is development of a solid financial plan. A financial plan gives you a better grasp of the financial requirements of your new business, and clarifying your financial picture can help you develop better strategies, pinpoint trouble spots early, and plan your business for growth.

Business Strategies

  • 401(k), SEP IRA, SIMPLE IRA
  • Deferred compensation
  • 412(e)3 defined benefit
  • Group health, disability insurance

Managing Short-Term Cash

  • FDIC Insured Cash Account
  • Check writing & Visa debit
  • Interest bearing Money Market
  • Income management

Planning for Business Succession

  • Business Valuation • Key man
  • Succession Plan • 1031

Build and Protect Personal Wealth

  • Advisory and Trust services
  • Diversified portfolio of investments
  • Life insurance, disability, long-term care

Managing Personal and Business Taxes

  • Selective benefit plans – insurance and retirement services
  • Personal financial needs-analysis