Sometimes it helps to go back to some of the basics and review the stated goals, objectives and desired outcomes of Business Value Protection Planning (BVPP). What are you protecting? BVPP focuses both on protecting the value of the business and the income generated by the business for the benefit of the owner(s). What are…
In 2017 Ray Dalio published a book titled “Principles: Life and Work.” In the introduction he said, “The most important thing I learned is an approach to life based on principles that helps me find out what’s true and what to do about it.” With clear and well defined principles in business owner protection planning…
DownloadBusiness Value Protection Planning Workbook NOTE - This is a late draft excerpt from an upcoming book being written by the team of Marshall + Viliesis. The name of the book is “Value & Protect.” There are four areas of business owner protection planning: SuccessionRetirementEstateKey Stakeholder Here is Chapter 4 as it relates to the…
Business Owner Protection Planning is simply a manufacturing process where in the end there is a plan created for the benefit of the business owner. What goes into making a good plan? What are the raw materials used? Here are some raw materials to consider. Legal Documents - All plans have a legal document as…
What would it look like if it were easy? Tim Ferriss came up with this question while writing in his journal. For a long time Tim has excelled at forming thought provoking questions. This question gave Tim a boost in his personal growth unlike any he had asked himself before. What would Business Value Protection…
Your business is your largest and most important asset and often is more than half of everything you own. The income it generates supports the lifestyle you and your family enjoy. You should know the value of your business and you should protect it. Most of the time we focus on the fair market value…
Early in the process of planning for your business with your advisors you have a greater chance for success when you agree on the definition and function of each of the four planning areas. This takes a little extra front end work yet saves significant time in the long run. We want this to occur…
Making decisions about anything is typically easier if there is a visual to accompany what you are looking to accomplish. It creates a structure often missing when the description is left to words alone. It is no different for business owner planning. This visual is the structure we employ at Marshall+Viliesis in each of the…
If you are a sole proprietor chances are you can find a Single Advisor who can take care of most of your planning needs. Your Advisor can be a General Practitioner and will refer you out on occasion to other experts when needed. If your enterprise is a large private or publicly traded company chances…
Business Owners, you need advisors who embrace and understand the power and benefits of partnering. Most planning is accomplished working with multiple advisors from multiple disciplines. How advisors cooperate and coordinate makes a big difference in the quality and completeness of the planning. The most important decision you the business owner has to make when…
