Raleigh Financial Advisor

A Raleigh financial advisor can help you gain economic security for you and your family. From retirement plans, such as a 401k or Roth IRA, to college tuitions, or even buying a home, your Raleigh financial advisor can help you through every step of your planning needs.

A financial advisor is someone licensed to provide monetary advice in Raleigh, North Carolina. Some examples would be a certified public account or CPA or investment representatives. Each provides a specific type of monetary advice. It depends on your needs as to which one is right for you. A consultant is especially helpful when it comes to starting up a small business in Raleigh, NC. From the business plan to the retirement afterwards, a Raleigh financial advisor can help you through each item to make your journey a successful one.

Starting a Business

Once you have decided to start a small company in NC, the task in front of you can seem enormous. That is where your Raleigh financial advisor can help. Your first step is to write a business plan. A business plan should give detailed information about the business including, fiscal statements, loan resources, existing competitors, and your background. A good business plan should be concise and well written. You should know your Raleigh business thoroughly and be positive about the results. A Raleigh financial advisor will help you understand how to put together the business plan and where to go from there.

Your next step to owning your own company in Raleigh, North Carolina is financing. There are many financing programs available for company owners. You should review each option available with your North Carolina advisor and determine which program or loan will provide you with the means to get the business off the ground. Applying for a small business loan can be made much easier if you have all of your data prepared. You will also want to educate yourself on the ins and outs of the business you have chosen so you can answer questions from the loan institution.

Once you have your loan in place, you will be ready to get your licenses, insurance, and permits. If you are going to be working out of your home, you will need to understand what permits or licenses are required. You should also consider insurance options. Types of insurances available for businesses are general liability, product liability, and workers compensation. Get several quotes and review them with your Raleigh financial advisor to determine which one is the most appropriate for your company.

Now you are ready to open the doors of your new business! If you plan to have employees, you will now need to decide whether you want to use 1099 or W2 as your platform. A 1099 employee is a subcontractor. They work independently and are not required to work for your company exclusively. If you plan to have employees working at an office or store for specific time intervals and plan to supervise them, a w2 employee is your best option.

Employee Options

There are many ways to keep good employees. Benefits are the biggest draw to any employee. Review your benefit plan with your Raleigh financial consultant and determine what the best options are and how to grow your benefit plan as you increase the size of your business. You may want to offer a 401k plan where you would match a certain percentage of the employee's contribution. This will give you tax benefits as well as make your employees more likely to contribute. You will also want to review medical insurance benefits. There are wide varieties of insurance programs out there. Your financial advisor can help you choose the one that is right for you.

Planning Your Exit

Now that your company has been successful for years, you might be thinking about what you would like to do with your retirement. Your investment advisor has probably already helped you with your retirement planning. If you are nearing that time, you will want to determine what to do with your company. Perhaps you enjoy what you do so much that you would prefer to set back and take a less active roll but still be a part of it. Alternatively, maybe you would like to sell it and walk away with the cash. No matter which choice you choose, your Raleigh financial advisor will help you with the final decisions.

A Raleigh financial advisor can help you through many aspects of your economic plans. From starting a business to buying a home, a financial advisor can be invaluable. Choose a financial advisor in Raleigh, North Carolina you enjoy working with. After all, you will be working with them for many years. You and your Raleigh financial advisor will create a financial plan that can help you make your dreams a reality.

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