Many individuals devote all of their waking hours to growing and developing the family business. Through the years, the family business owner usually invests the majority of his or her time, energy and money in the venture. Unfortunately, although a considerable amount of resources are devoted to the business, little attention is given to tax* planning and business succession strategies. In short, many business owners simply do not have the time and wherewithal to consider:

• Should the business operate on a fiscal or calendar year?

• What method of accounting should the business employ, cash method or accrual?

• Should the business operate as a corporation, partnership or limited liability company?

• What will happen if one of the shareholders becomes disabled or dies?

• How can I transfer stock to my children without paying gift taxes*?

• Do my heirs have the training, experience or willingness to run the business?

• What type of retirement plan should the business have?

• Should the business have key employee life insurance?

• How can I reduce my estate taxes* and still retain control of the business?

• What events should trigger the termination of the business?

• How can I arrange for the purchase of the stock of a deceased shareholder, and what is it worth?

• Do I need a buy-sell or shareholders' agreement?

At Barry Financial, our qualified staff will help you address these difficult questions.

SPECIFIC INVESTMENT RECOMMENDATIONS

In order to attain your objectives, we recommend positioning a portion of your investment vehicles into professionally managed areas. As we are not rendering tax* advice on the sale of your current holdings, we recommend the tax* consequences be considered by you and your tax professional.

* Please read the tax & investment disclaimer accessible on the home page

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Securities offered through Securities America, Inc., Member FINRA/SIPC, James A. Barry, Jr., James Michael Barry, Marc Scheiner, and Richard Greenhill, Registered Representatives. Advisory services offered through Securities America Advisors, Inc. A SEC Registered Investment Advisor. James A. Barry, Jr., James Michael Barry, Marc Scheiner, and Richard Greenhill, Investment Advisor Representatives. Barry Financial Group and Securities America are separate entities.

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