Business Owners Have Enough to Manage. Your Financial Plan Should Not Be One of Them.
MFM works with business owners across New York, Pennsylvania, Virginia, Maryland, and Washington DC as a financial advisor who understands both the business and the person behind it.
Business Owners
As a business owner, your financial world is uniquely complex. Beyond managing daily operations and driving profitability, you need a clear strategy for corporate structure, employee benefits, retirement savings, and your eventual exit. Growing your business, protecting your equity, and keeping every piece aligned at the same time is a lot to carry.
That is where a financial advisor for business owners in New York comes in. Whether you are just starting out, running a thriving business, or beginning to think seriously about succession or selling, we help you uncover opportunities and build a strategy tailored to exactly where you are and where you want to go.
And when you are ready to step away, we help you turn your equity into meaningful personal wealth and fold it seamlessly into your retirement and estate plan. Because your exit is not the end of the financial conversation. For most business owners, it is where the most important planning begins.
OUR SERVICES
How We Help Business Owners Across New York and the Mid-Atlantic
Business Succession Planning
Who takes over when you are ready to step back? Whether you are passing the business to a family member, a partner, or an outside buyer, business succession planning in New York requires a strategy that protects the value you have built and ensures the transition happens on your terms. We help you think through every scenario before it becomes urgent.
Exit Planning
A successful business exit does not happen by accident. It takes years of preparation. As an exit planning financial advisor in New York, we help you understand what your business is worth, how to maximize that value before you sell, and how to structure the transaction in a way that protects as much of the proceeds as possible from unnecessary taxes.
Corporate Structure and Financial Planning
The way your business is structured has significant implications for your personal taxes, your retirement savings, and your eventual exit. We work with your accountant and attorney to make sure your corporate structure is aligned with your long-term financial goals, not just your current operating needs.
Retirement Planning for Business Owners
As a business owner, you do not have an employer contributing to your retirement. You are the employer. We help you identify and maximize the retirement savings vehicles available to you, from Solo 401(k)s to defined benefit plans, so you are building personal wealth alongside your business, not instead of it.
Employee Benefits Planning
Your people are one of your most valuable assets. We help you design and manage employee benefits programs that attract and retain the talent you need without overextending your budget. And when the time comes to sell, a well-structured benefits program adds real value to what a buyer sees.
Business Owner Retirement and Estate Integration
Most business owners have the majority of their net worth tied up in their business. When that changes at exit, everything else has to change with it. We integrate your business exit proceeds into a comprehensive retirement and estate plan so your personal financial life is ready for what comes next, not catching up to it.
Frequently Asked Questions
Questions Business Owners Ask Us
When should a business owner start exit planning?
Earlier than most people think. The best exits are built over five to ten years, not five to ten months. Starting early gives you time to maximize the value of the business, structure the transaction tax-efficiently, and build the personal financial plan that needs to be ready the day the deal closes. If you are thinking about it, now is the right time to start.
What is business succession planning?
Business succession planning is the process of deciding who takes over your business when you leave and making sure that transition happens in a way that protects the business, your employees, and your personal financial interests. It covers ownership transfer, leadership transition, tax strategy, and buy-sell agreements. It is one of the most complex financial decisions a business owner will ever make.
How do I turn my business equity into retirement income?
The sale of your business is typically the largest financial event of your life. Turning that into sustainable retirement income requires a plan for how the proceeds get invested, how withdrawals get structured, and how taxes get managed across years. We build that plan before the exit closes so there is no gap between the deal and the income you need.
What happens to my retirement plan when I sell my business?
It depends on how your plan is structured and what happens to the business. In most cases, existing retirement accounts roll over and continue. The bigger question is what you do with the sale proceeds and how they integrate with your existing retirement savings. We coordinate all of it so nothing falls through the cracks.
How do I minimize taxes when selling a business in New York?
There are several strategies available depending on your structure and timing, including installment sales, opportunity zone investments, charitable vehicles, and qualified small business stock exclusions. New York also has its own tax considerations on top of federal. The most important thing is planning well before the sale, not after. Once the deal closes, most of the options are gone.
Can I set up a retirement plan for my employees through MFM?
Yes. We help business owners design and implement retirement plans for their teams, including 401(k) plans, SIMPLE IRAs, and SEP IRAs. A well-run employee retirement plan is also a meaningful benefit when it comes to attracting talent and, eventually, presenting your business to a potential buyer.