OJM often works with a client’s business or professional practice. We can be engaged by a business for one of the planning areas below, two or more in combination, or in an all-inclusive, comprehensive engagement.
Evaluation of the client’s present corporate structure by an in-house authority. Analysis of potential advantages and disadvantages of using different, or multiple corporate entities, including limited liability companies, “S” corporations, “C” corporations, disregarded entities, and partnership-taxed entities.
Corporate Tax Reduction:
Often combined with corporate structure and benefit planning, analysis of the client’s present tax situation and review of corporate tax returns by our tax team, led by a CPA with 25+ years of tax experience. Suggestions made for both tax reduction and deferral.
Corporate Benefit Planning:
Review of the client’s current retirement and benefit plans by our benefit planning professionals. Comparison to other qualified, non-qualified retirement, and fringe benefit plan alternatives that can provide tax savings and cost efficiency for owners and/or partners. In addition, for clients with 100 or more employees, we analyze the existing group health benefits and compare to potential alternatives.
Corporate Asset Protection:
Analysis of each business asset and explanation of its present state of exposure on the sliding scale of asset protection by our in-house advisor (former practicing asset protection attorney). Description of options and recommendations on how to better protect each asset, with pros/cons and costs/benefits of each alternative.
Corporate Risk Management:
Review of commercial lines insurance coverages, from professional and general liability, to employment-related practices, to umbrella and more. For applicable clients, we will also provide medical malpractice review and analysis. A preliminary economic analysis and explanation of any captive insurance structures that may apply to a client’s business.
Corporate Catastrophic Analysis:
Review of the business buy-sell structure and disability overhead protection, if applicable. Recommendations to improve existing protections.
Analysis of corporately-held investments by our asset management team, including past performance, with a particular focus on asset allocation failures, current and expected future tax drag, management fees, and integration of corporate investments with other corporate planning areas*
*The analyses do not include implementation of investment recommendations. OJM can be engaged to implement such recommendations/manage investments, through our asset management team.