Employer / Owner Programs
Line
of Credit Insurance
Term life insurance is extremely inexpensive in today's market. It really makes sense to insure key loan guarantors to allow fast liquidations on all, or a portion of, business debt. Certain carriers allow substantial discounts on premiums if paid in advance. Through significant discounting it may make sense to fund the premiums through business loans. We work closely with you and your lender to design a plan that works best for you.
Capital
Transfer Concepts for Business Owners
All successful business owners want to find ways to use their business
to make money, then transfer the money out of their business on a
tax advantage basis. We have such plans available. The individual
owns the asset yet the business makes the payments. The individual
has limited reportable income because of the transactions. At retirement
the individual enjoys tax-free income with some of the plans.
Key Employee Life Insurance
The most valuable asset of any company is its key employees. If a key employee dies prematurely, frequently their contacts, network, technical skill and/or customer base dies with them. This situation can result in tremendous financial losses. You can reduce losses, through business owned life insurance, either permanent or term. Often key employee life insurance is integrated with deferred compensation plans using the same insurance instruments. We can design and set up these types of programs.
Employee
Stock Ownership Plans (ESOP)
Extracting equity from the business can be difficult for a majority
shareholder of a closely-held business. Often there are few potential
buyers for the enterprise. The employees of the firm can become the
mechanism to buy-out, fully or partially, the controlling shareholders.
It is done through the establishment of an ESOP.
The ESOP uses the assets of the business to borrow money to purchase
the shares of the controlling shareholder. This is a way to transfer
ownership of a business enterprise to the employees and yet give the
owner a way to create liquidity from an illiquid asset. Often, the
owner for a period of time can defer taxes on capital gains.
Charitable
Remainder Trusts Grow in Popularity as an Effective Estate Planning
Tool
By establishing a Charitable Remainder Trust, the portion of your
wealth that typically goes to taxes is redirected from taxes to charitable
gifts. A charitable Remainder Trust can be an effective tax saving
tool when selling an appreciated asset such as real estate, stock
or your business.
The tax benefits can involve income and estate taxes. Potential benefits
include, the avoidance of capital gains on the sale of property, a
current income tax deduction, an increase in current income, the establishment
of a charitable legacy and an increase in the value of assets transferred
to heirs.
The purchase of life insurance at the time assets are transferred
to a Charitable Remainder Trust is often advisable. We can help in
determining whether or not this approach makes sense for you and serve
as trustee through Bank of Arkansas, Trust Division.
Risk, Affiliation, Offering Entity Disclosure
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Financial Position Update |
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>> For more information on our stable financial position, please click here.
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