Business Owners

If you are a business owner, entrepreneur or are self-employed, you may well have complex finances. With such a focus on building and running a successful business, you may struggle to give your finances – particularly your personal finances – the attention they need. 

The business owners we work with are usually setting up a business, still running and building their business, or thinking about selling up and retiring. Each group have differing priorities and challenges which we are adept at solving, thanks to our knowledge and experience.

Firstly, we need to ensure that your corporate and financial planning work hand in hand- achieving your personal financial goals are generally dependent upon the success of your business. Next, it’s about meeting your financial problems and challenges head on while ensuring a plan is put in place to achieve your goals.

This may include:

  • Raising finance to start or grow your business
  • Identifying tax-efficient strategies for withdrawing money from your business
  • Ensuring that, if you are unable to run your business due to illness, it could continue to trade and generate profits
  • Ensuring that if you were to die, your loved ones will benefit from the full value of your business and your hard work in building it
  • Considering ways to reward and retain your staff
  • Complying with legislation relating to workplace pensions
  • Ensuring that any capital held in your business is kept secure, with a return which at least keeps pace with inflation
  • Considering how existing pensions are invested and how they can be used for the benefit of your business or to potentially reduce tax liabilities
  • Advising on the most effective remuneration strategies for directors

Our experts can help you make the most of your money. We can work with you and any other business advisers you have to plan and structure your finances in the most tax-efficient way- we can ensure your money is working hard for you.

“A journey of a thousand miles must begin with a single step.”

Lao Tzu

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.”

Edmund Burke

At Servo Private Wealth, we work with wealthy families, high net worth individuals and entrepreneurs as well as companies and charities to grow and protect the value of their, and their client’s wealth, over the long term.

Business Owners
People With Wealth
Professionals Advisers
Thinking About Retirement
Professionals & Senior Executives

Business Owners

Financial forecasting to model and map out you future finances

It is easier to plan for the future if you know what your finances will look like.  With the help of specialist software, our team can analyse your personal and business wealth together with assets and expenditure to create a projection of your finances. They can also run through different scenarios to understand the impact on your finances. Through financial forecasting we can establish if you are on track to achieve the future you want and, if you’re not, we can create a plan to help you get there.

Business Owners

Corporate and personal investments

Whether you are making corporate or personal investments and would like to have your cash and investments managed, or be advised on them, we can help. This could be to diversify risk by investing in areas away from your business, or to generate a regular income from the lump sum you receive when you sell your business. We can also ensure that you are investing in the most tax-efficient way.

Business Owners

Protecting your business and personal wealth

Many people don’t have adequate cover in place for the many business risks that exist. Protecting against these can ensure the successful running of your company without any unnecessary risk to your business, personal or family wealth.

We can help you with:

  • Shareholder or Partnership protection
  • Relevant life insurance
  • Key person cover
  • Business overdraft and loan protection

Business Owners

Your pension

You may be relying on the sale of your business to fund your retirement, but it pays to make the most of the Government’s allowances and tax relief for pension contributions. We can:

  • Show you how much you can afford to pay into your pension
  • Help you to make tax-efficient pension contributions through your company
  • Check that you are making the most of your annual and lifetime allowances
  • Help you make the most of your company pension scheme – including purchasing commercial property within your pension scheme to save tax, and taking loans from your company’s pension assets to fund expansion.

Business Owners

Exiting or selling your business

You may not be planning to exit your business for many years to come. Selling a business is a life changing decision and one where good advice is invaluable. But whether you want to sell your business or transfer ownership to other family members – or you are unsure which option would be best – the earlier you start planning, the more success you will have when transferring your business wealth into personal wealth.

There are thousands of questions, problems and challenges which will need addressing before the business is sold, and you can sit back and relax. But, most of our clients who sell their business want two fundamental questions answering:

  • How can the value of the business be maximised, while reducing the tax paid when it is sold?
  • What’s the best way of investing the proceeds to support your future lifestyle?

Our knowledge and experience means we can answer these, while working with your other professional advisers, to ensure every small detail is taken care of, and nothing throws the sale off track.

If you are planning to sell your business, we can show you how much you may need to sell it for to achieve your personal financial goals, and when you may be able to sell. If you are passing on your business, we can help with your transition and consider your wider estate planning, while working with other family members to provide ongoing advice if necessary. 

Whichever option you take, we can make sure you are using all of your tax allowances and reliefs before, during and after you leave the business.

Business Owners

Estate planning and Inheritance Tax

Business assets do not form part of an estate for Inheritance tax purposes but if you sell your business and these assets become cash, they are subject to Inheritance Tax. We can help you put in place a plan to pass on your wealth in the most tax-efficient way.