For closely held businesses, success is measured in lifetimes instead of years. While different stages of the business lifecycle come with distinct objectives and challenges, the big picture must always be in focus. Business and personal success are intertwined, and having an advisor who understands your goals is key to a customized business and tax strategy.
That complexity creates challenges specifically for owners of closely held businesses, including:
Business needs that change over time
Business tax decisions that affect owner wealth preservation
Risk thresholds that must align with business strategy
Family dynamics that present hurdles and rewards
RSM US LLP has focused on serving people like you with these issues since our founding in 1926. Our relationship with you is based on mutual trust and our understanding of your goals and objectives. This helps us identify your unique challenges and capitalize on opportunities.
Our lifecycle approach maps your company journey, highlighting key landmarks at each stage. You have one point of contact, facilitating a rich relationship with your advisor. At the same time, you have access to our firm’s entire suite of solutions and professionals with specialized knowledge and experience.
Through this combination of relationship and capabilities, we strengthen the connections between your business and personal success—and deliver on your goals.
External audits and support in the compilation, presentation and review of your financial statements can provide significant value. These services boost stakeholder confidence and offer peace of mind while preparing you for potential transition opportunities. By combining deep industry knowledge and innovative technology, RSM provides you with high-quality assurance tailored to your business, along with valuable insights that power smarter, more confident decisions.
Whether your business is best structured as a pass-through entity—such as a partnership or S corporation—or a taxable C corporation depends on your short- and long-term goals. Aligning your priorities to the cash and tax implications of business structure will help guide you to the right answer.
A cohesive tax strategy—federal, state and global—can increase enterprise value by helping to drive cash flow and minimize risk. As your business evolves in a changing regulatory and legislative environment, the glue to that approach is a strong relationship with your tax advisor. Unique technology-powered tax services enable such productive connectivity and planning, ensuring you reap the benefits you deserve.
Questions of legacy take hold in every owner’s life. These include: How do I protect assets, transfer wealth, address retirement needs and carry out philanthropic ambitions? And how do I do all that while effectively managing my exposure to estate, gift and income taxes?
Family office services help you create a structure, sustain growth and transfer wealth to future generations. Each family office is unique. When managing family assets, financial investing is simply one chapter of a much larger, more complex story. Whether you are looking to establish, maintain or transition a family office, we can help you meet your goals.
Transition can occur in many forms. Whether you decide to keep your business within the family or sell to management or a third party, your choices will likely shape the future for all involved. Your path forward leads to your desired destination when you use your goals as a compass.
