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WEALTH ADVISORY SERVICES
Business Succession Planning
As a private business owner, you are faced with a major challenge. What is the best way to transition the ownership of your business? This is a difficult question to answer, particularly in a family setting. Less than 50% of all privately-owned businesses have a succession plan. Many of these businesses do not survive the second generation.
The Wealth Management Advisory Team has the expertise to help guide and advise you in the right direction. We realize that every owner’s situation is different. In our role as a problem solver, we will help you:
- Identify the specific issues and problems that you face.
- Find cutting edge solutions to address those issues and problems.
- Understand the pros and cons of each solution presented.
- Develop a plan with the assistance of your other financial advisors that is best suited for you.
Retirement and Executive Planning Services
One of the major issues that the business owner faces is how to attract and retain key employees. This often requires thinking outside the box to find ways to compensate key employees beyond the normal benefits provided to all other employees. Fortunately, there are numerous ways to single out and reward key employees.
Bank of Texas serves the role of trusted advisor. We help the private business owner identify his or her particular needs in this area. We then present solutions beyond those provided to all employees to solve these needs. Among the solutions that we frequently discuss with private business owners are:
- Non-Qualified Stock Options
- Incentive Stock Options
- Voting and Non-voting Stock
- Phantom Stock
- Stock Bonus
- Restricted Stock
- Rabbi Trust
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