Helping Entrepreneurs Achieve Success

Reduce Risks.
Maximize Opportunities.
Protect Your Dream!

As an Entrepreneur, you understand the commitment required to turn your dream into reality. The late nights, unexpected setbacks, the uncertainty, but those trials didn’t stop you and they never will.

We help entrepreneurs plan for growth. Most importantly, we help protect what you’ve worked so hard to achieve.

Strategies for reducing tax obligations and maximizing savings

Employee benefit evaluations and strategies

Analysis of company legal classification

Exit strategies based on sale, succession or retirement

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Tax Strategies

Our objective is to find things commonly missed and reveal things many others aren’t aware of. 

  • Design retirement plans to maximize owner’s pre-tax deferrals
  • Review company tax filing status
  • Employing your kids in your business
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Employee Benefit Planning

Attracting and retaining great employees starts with a comprehensive benefits package that doesn’t break the bank.

  • Group employee benefits
  • Retirement solutions
  • Benefits for select employees
  • Creative solutions for healthcare
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Risk Management

Owning your own business comes with any number of risks.  Knowing which ones are worth keeping and which ones you should transfer is key to protecting what you’ve built without breaking the bank.

  • Manage concentration risk
  • Liability coverage
  • Protect business from loss of owners or key employees

Exit Strategies

The payoff for many entrepreneurs comes at the end. Collaborating with a professional and planning for life after the business is a crucial step for any entrepreneur.

  • Estate planning
  • Liquidity planning
  • Exit strategies

The dictionary describes an entrepreneur as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.”  Our comprehensive financial planning for business owners uses our robust planning process, but takes into account those unique risks in addition to the opportunities available only to business owners. 

A business is an extension of the family in a lot of ways and sometimes very directly.  It has its own income, expenses, risks, rewards and a retirement date which often depends on outside economic and personal circumstances.

Comprehensive Business Planning Lifecycle
Startup Growth Mature Exit
Risk Management

Protect against business liability

Protect business from loss of owners or key employees

Expanded protection against loss of owners and key employees Expanded protection against loss of owners and key employees Review/transfer protection plans
Employee Benefits Group medical plan Group life insurance Group disability

Group Benefits

  • Group Disability
  • Group Dental
  • Additional group benefits
  • Voluntary group products

Basic retirement plans Selective retirement and benefits programs Employee benefit communication programs

Selective disability protection Long-term care insurance Selective retirement/benefit programs Review/transfer benefits
Business Succession Buy-sell agreement Review
buy/sell agreement
Exit strategy
Personal Planning Protect
income stream Protect family Retirement plan
Review personal needs for owners Review personal needs for owners Estate planning Review personal plans for owners Review estate plans

Why Daviman Financial?

 

Our advisors hold multiple industry accreditation's, which means, we are well versed in advising you on the following topics.

 

AIF®, ChFC®, CLU®, CFP®, MSFS

Investing
  • What rate of return should I expect?
  • How “safe” is the stock market?
  • How much risk should I be taking?
  • Roth IRA / 401k or Traditional IRA / 401k?
  • How do I diversify my investments?
Financial Planning
  • How much should I be saving for retirement?

  • When can I retire?

  • Will I run out of money?

  • How do I save for my kids’ college education?

  • What should I be doing in my business to lower my taxes?
Insurance
  • How much life insurance do I need?

  • Should I take the group disability policy offered through my work?

  • If I retire before 65 what are my options for health insurance?

  • What does a personal umbrella liability policy protect me from?

  • At what age should I consider long term care insurance?
Life Events

Life happens and often it has a way of impacting our goals. We help you plan for the ones you dream about and navigate the challenges it can throw at you. Either way, we're here to help you.

  • Getting married
  • Receiving an inheritance
  • Buying a home/vacation home
  • Starting a family
  • Paying off student loans
  • Consolidating debt
  • Making major charitable donations
  • Long-term care events
  • Losing a job or changing employers

Follow Us

5975 Castle Creek Parkway North Dr
STE 440
Indianapolis IN 46250-4377
(317) 207-0175

©  Daviman Financial LLC - 2019 - All Rights Reserved