Manufacturing & Distribution manow
Planning Your Business
by John Whiting, Partner, Moss Adams Wealth Advisors LLC,
and Jay Silverstein, Principal, Wealth Services Group
By all accounts, the economy is turning around.
If you’re a business owner, congratulations:
You made it through the worst, your company
survived, and you’re wiser for it.
So now what?
After weathering the past few years, many
business owners in the manufacturing and
distribution industries are eyeing retirement
and thinking sunny beaches sound like more fun
than withstanding another down business cycle.
But how do you get from Point A to retirement
with enough financial security to last you while
protecting the future of both your family and
The first thing to understand is that your
business and personal wealth are intertwined.
Business owners that take the time to plan a
successful transition of their business stand a
better chance of maximizing the value of their
company, reducing income and estate taxes,
and achieving future financial independence,
wealth transfer, wealth preservation, and family