Services for Businesses

At Veritas Financial Strategies LLC, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account their personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Some of our key services are detailed below:

Executive Benefits

The success of most businesses is tied into the talent, passion and work ethic of key executives. Executive benefit packages can help attract, motivate, and retain high-caliber employees and keep a company healthy and stable. We can help establish non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Succession Planning

Succession planning allows owners to leave their business on their own timeframe while preparing their company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business.

Key Person Insurance

Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets - the key person. This can help ensure continuity of the business for employees, customers and creditors, and protects against losses in sales, momentum, and credit.

Buy-Sell Agreements

A buy-sell agreement specifies how business interests will be transferred, to whom, and under what circumstances. Life insurance is normally the most cost effective funding method.

Deferred Compensation Plans

Deferred compensation is a written agreement between an employer and an employee where the employee chooses to defer receipt of compensation to the future for services performed today. This can be used as a flexible way to supplement executive retirement benefits.

401(k) Plans

Through NYLIFE Securities, we offer our business owner clients 401(k) plans which provide an efficient, tax-advantaged way to prepare for retirement, often with a boost from employer contributions. The key to maximizing potential 401(k) retirement income is to start early, take full advantage of any matching or discretionary employer contributions, and defer as much out of current earnings as the contribution limits allow.