35,037 Business Has Declared on Bankruptcy in 2015
- About 50% fail in the first year.
- Only 5% of business keep operating after five years.
- 31% of workers have not begun to save for your retirment.
- Only 42% of the Puerto RIcan have tried to determine how much is needed for their retirement.
- Over 50% of the assets of the business owners are tied to their business.
Most of the business fail by not:
- Property plan
- Monitor your financial statements
- Monitor your cash flow
- Financed properly
- Planning for transition periods
- They do not understand the tax laws
Tax Saving Option for Incorporated Business
It works for you as a key employee
The ExecBonus plan can:
- Provide tax-free benefits for beneficiaries.
- Provide a cash supplement at retirement.
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It works for your business
The ExecBonus plan can:
- Have discretion which employees can participate.
- Reward key employees with tax-deferred policy growth.
- Get a deduction on the premiums your business pays.
- Avoid the liability associated with promised future benefits.
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It streamlines administration and reporting
Our LifeComp tracking system incorporates the administration and reporting you need for the ExecBonus plan design. It's so unique it's patented. For a modest annual fee you'll get:
| Accounting Reports |
Ensure the proper premium is billed and shown as a salary expense to the participating employees. |
| Year - end reports |
Summarize premiums paid and salary expensed by fiscal year. |
| Annual reevaluations and reproposals |
Track the plan's progress with your original plan objectives. View corrective measures for detected shortfails. |
| Additional services |
Track ownership rations and participants charging cost ratios. |
| Post - retirement services (optional) |
Help retired plank participants monitor withdrawals and loans. |
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