Planning area

Entity and business-owner planning

For a family that owns a business, the business is usually where the largest planning decisions sit. How it is structured and how the owners are paid affect income tax, payroll tax and retirement savings every year.

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What we look at

We review the business returns alongside the owners’ personal returns, since most decisions affect both.

Entity type and whether an S corporation election makes sense
Reasonable compensation for S corporation owners
The mix of wages and distributions
The qualified business income deduction and its limits
Retirement plan options for the owners and staff
State pass-through entity tax elections where available

Planning ahead of a sale or succession

When a sale or a transfer to the next generation is a few years out, the plan models how the structure and timing of that event affect the family’s taxes, and what can be done in the years before it.

Questions

Common questions.

Do you prepare the business tax return?

No. EquityNav prepares the plan. Return preparation stays with your firm or the client’s current preparer.

Can the plan cover more than one business?

Yes. Families with several entities are common, and the plan looks at how the entities affect each other.

Related planning areas.

See all planning areas

See a certified plan built for one of your families.

Tell us about your firm and we’ll follow up within 2 business days to schedule a walkthrough.

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