Running a business takes vision, hustle, and hard decisions—but many business owners neglect one of the most important areas: personal financial planning. When your business and personal finances are closely connected, it’s essential to have a plan that protects and grows both.

At Family Asset Planner in Canton, Ohio, we help entrepreneurs and small business owners build wealth, minimize taxes, and prepare for the future with integrated, fiduciary financial planning.

Why Business Owners Need Financial Planning

If you’re a business owner, you face unique financial challenges and opportunities, such as:

• Irregular or variable income

• Complex tax situations

• Business debt or equipment financing

• Retirement without employer-sponsored plans

• Succession or exit planning

• Separation of business and personal assets

Without a personalized strategy, these challenges can limit your growth and risk your long-term financial security.

Key Areas of Financial Planning for Business Owners

1. Tax-Efficient Strategies

Business owners often overpay in taxes simply because they don’t have a tax strategy. We help you:

• Maximize business deductions

• Choose the right business structure (LLC, S-Corp, etc.)

• Set up tax-deferred retirement accounts

• Leverage depreciation and credits

• Coordinate personal and business tax planning

2. Retirement Planning

Unlike traditional employees, business owners must plan and fund their own retirement. Options include:

• SEP IRAs

• Solo 401(k)s

• SIMPLE IRAs

• Defined benefit plans (for high earners)

We design a plan based on your income, age, and retirement goals—so you don’t have to depend solely on the future sale of your business.

3. Business Succession Planning

What happens if you sell, retire, or pass unexpectedly? Having a clear succession plan protects your legacy and helps avoid family or partner conflicts.

This can include:

• Buy-sell agreements

• Key person insurance

• Business valuation

• Ownership transfer planning

4. Investment Planning

Many business owners reinvest all their earnings back into the company. While that shows confidence, it also creates risk. We help you diversify your personal investments so your future isn’t tied to one asset—your business.

5. Risk Management and Insurance

Protect your income, your employees, and your business with the right insurance:

• Disability and life insurance

• Liability and umbrella policies

• Business interruption insurance

• Key employee protection

Our advisors help ensure you’re not over- or under-insured.

6. Exit Strategy and Wealth Transfer

When it’s time to sell or retire, you’ll want to extract the maximum value. Our financial planning ensures that your exit is tax-efficient, well-timed, and structured to meet your family’s needs.

Why Choose Family Asset Planner?

At Family Asset Planner, we understand the pressures and responsibilities that come with business ownership. Our team of Certified Financial Planners (CFPs®) provides holistic financial strategies tailored to your unique journey as an entrepreneur.

Based in Canton, Ohio, we offer:

• Fiduciary advice with no commissions

• Custom planning for both business and personal finances

• Long-term strategies for wealth, protection, and legacy

• A trusted partner invested in your success

Let’s Build a Smarter Financial Future for Your Business
Phone: 888-222-1286
Website: familyassetplanner.com
Address: Canton, Ohio 44708