Financial Planning Essentials for Business Owners (with Kelly Berenbaum, CFP®)

#businessowners #moneyandmortgages #financialplanning

In this episode, host Adam Coleman interviews Kelly Berenbaum, a Certified Financial Planner™ and founder of Blue Tree Financial, about financial considerations for business owners. They discuss Kelly's flat fee financial planning model, tailored specifically for business owners, and the advantages it offers over traditional asset management. Kelly shares her insights on the importance of business entity structures, retirement planning options, and exit strategies. They also explore tax planning differences between business owners and W2 employees, and the significance of treating a business as a primary asset while balancing personal financial goals. Kelly emphasizes the need for business owners to plan holistically and engage the right professionals to achieve their financial objectives.

To learn more about Kelly's firm visit: https://bluetreefi.com/

00:00 Introduction and Guest Welcome

00:38 Kelly's Journey to Financial Planning for Business Owners02:18 Flat Fee Financial Planning Model

04:18 Exit Planning for Business Owners

06:05 Financial Planning Advantages for Business Owners

08:19 Balancing Business Investments and Personal Finances

12:20 Tax Planning for Business Owners vs. W2 Employees

18:09 Retirement Plans for Business Owners

25:03 Exit Strategies and Final Advice

28:13 Conclusion and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.