CONNECTING BUSINESS & PERSONAL WEALTH: CONSIDERATIONS & BENEFITS OF A COMPREHENSIVE STRATEGY
Most business owners do not consider or define their succession plan until they are ready for the actual sale or succession event. However, the ideal time to involve a professional in the development and execution of a succession plan is at least 3 years ahead of the event. When business owners fail to start planning soon enough, they sacrifice potential opportunities to maximize the value of the ultimate succession event.
- Are you aware of strategies to consider now for a tax-efficient business transaction later?
- Do you have the right type and structure of entity for your business succession plan?
- Is your liquidity and cash flow adequately protected from potential creditors?
- Is your business protected from the loss of services of a key employee or yourself?
- Have you identified your ultimate succession outcome?
About the Presenter:
Learn from industry expert John Dwyers, CFP®, CPA/PFS, Director/Wealth Strategist, City National Rochdale.
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EXIT PLANNING IS GOOD BUSINESS STRATEGY
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Meet John Dwyer, CFP, CPA/PFS:
John joined City National Rochdale in 2022 with over 14 years of Income Tax, Estate, and Financial Planning experience. He partners with financial advisors and their clients to deliver Comprehensive Wealth Assessment (CWA) services that identify opportunities to enhance financial well-being across investment planning, asset protection and risk management, income tax mitigation, philanthropy, and estate and legacy planning.
Previously, John was a Financial Planner for First Republic Bank. In this role he supported the advanced planning needs of ultra-high net worth clients across Southern California and the New York Tri-State area. Prior to this, he held several positions at Ernst & Young LLP, PricewaterhouseCoopers LLP, JPMorgan Chase, and Citibank.
John earned a Bachelor of Science in Accounting and a Master of Science in Professional Accounting (MSPA) from Seton Hall University. He also earned his Certified Public Accountant designation in 2019 and became a CERTIFIED FINANCIAL PLANNER™ and Personal Financial Specialist in 2021. John and his wife live in New Jersey and enjoy cooking, road trips, and spending time at the Jersey shore.