PHASE 1
GETTING TO KNOW YOU
ENGAGEMENT AND
DATA GATHERING
- Engagement Letter signed by all parties
- Data and documents requested to begin process
- Requested data varies according to type of engagement
DISCOVERY
CALL
- Review data and documents
- Introduce OJM team
- Request additional information
- Determine priority of process steps
- Define success of process
PHASE 2
ANALYSIS AND IMPLEMENTATION
ASSET
PROTECTION
- JD partner provides comprehensive Asset Protection Analysis
- Evaluates current levels of exposure for each business
- Recommendations to improve protection for each asset class
- Cost/benefits of different tools on a (-5) to (+5) sliding scale
CORPORATE
BENEFITS PLANNING
- Analysis of current retirement vehicles
- Comparison to other qualified and non-qualified retirement plans
- Presentation of options that may provide greater cost efficiency and tax benefits to owners and/or partners
INVESTMENT
MANAGEMENT
- Wealth advisor reviews corporate investments
- Discussion of current portfolio, past performance and fees
- Recommendations for reallocation, if needed
CORPORATE STRUCTURE
AND TAX PLANNING
- Review of corporate tax returns
- CPA partner provides comprehensive Tax Planning Analysis
- Recommendations to reduce and/or defer tax liability
- Analysis of current corporate structure; review pros and cons of using different and/or multiple entities.
RISK MANAGEMENT
ANALYSIS
- Review of your commercial lines insurance coverages by a partner firm
- Examination of buy-sell, business overhead and disability risks and an analysis of various solutions
- Options for premium reduction/improved coverage presented
PHASE 3
SUMMARY AND ACTION ITEMS
- Deliver written summary of recommendations
- Review tools and tactics implemented thus far
- Prioritize and implement additional solutions
- Present on-site or recorded seminar for business owners/management team