Financial Planning
for Business Owners
in the Greater Houston Area
The financial complexities business owners face exceed those of a traditional W-2 employee, yet they also create planning opportunities.
M.C. Byrd Wealth Management has worked with business owners in the greater Houston area for nearly 40 years, helping entrepreneurs navigate
retirement planning, tax strategies, succession planning, and long-term wealth management.
Financial Planning
for Business Owners
Financial planning looks different when you’re a business owner.
Income Volatility
and Cash Flow
Planning
Successful entrepreneurs earn significantly more than traditional employees, but that income can be volatile.
This means risk management looks different for you.
Coordinating
Personal and
Business Planning
On paper, your business and your personal finances are separate. In reality, they’re inseparable.
We integrate your personal financial, estate, and tax strategies into a coordinated long-term plan.
Retirement
Planning
Opportunities
Business owners can contribute significantly more to their retirement plans than W-2 employees.
We specialize in creating retirement plans tailored to your income, business structure, and long-term goals.
Concentrated Risk
Successful business owners have a significant portion of their personal wealth tied up in one asset.
If you rely on that asset too heavily, it can expose you to personal financial risk.
Tax Complexity
Is your compensation structure and entity selection aligned with your goals? From tax planning to owner-focused retirement plans, we help you build your long-term strategy.
Long-Term Business Decisions
According to studies by the Exit Planning Institute, 70% of business owners are unable to realize the value locked in their organization.
We help clients with creating a business succession plan, whether that involves an internal transition, a family member, or a sale to a third party.
Tax and Retirement
Strategies for
Entrepreneurs
We installed our first retirement plan in 1991, and owner-focused retirement planning remains a special focus for our firm.
We’ve helped business owners defer millions in as little as five years. We use software like Holistiplan and FPAlpha to analyze our clients’ tax situations.
Safe Harbor
401(k) Plans
Safe Harbor 401(k) plans can simplify compliance work, while enabling high earners to contribute significantly more.
Cash Balance
Plans
Cash balance plans let owners contribute significantly more toward retirement than a traditional 401(k) alone would allow.
The right business owner can make annual deferrals of well over $100,000.
Deferred
Compensation Arrangements
Competing for top talent is hard, particularly for small to mid-sized business owners.
One tool is a non-qualified deferred compensation plan. Often known as “executive benefits,” we prefer to think of it as a way to retain the most valuable people in your organization.
Succession and
Long-Term Planning
Both Monte and Caleb hold the CEPA® (Certified Exit Planning Advisor) designation, and exit planning has become an important area of focus within our firm.
Exit planning involves much more than simply selling a business. It often requires years of coordination and strategic preparation.
Tax-Aware Exit
Planning
Whenever you’re liquidating a large asset with significant capital gains, choose the optimal tax structure for you and your family.
After the sale, there are tax-advantaged solutions, such as long-short strategies, that can help you manage that tax liability.
Business Valuation
Conversations
Our firm provides preliminary business valuations using BizEquity, as well as gap assessments for owners looking to transition.
Coordination With
Outside Professionals
We work with your attorney, CPA, and professional service providers to help you achieve your goals.
Planning for Life
After the Business
Sold your business? A whole new set of questions arises regarding investment management, estate restructuring, wealth transfer, and retirement income, depending on your stage in life.
Your life after selling your business should align with your wishes.
Frequently Asked Questions
Business owners may have access to specialized retirement plans, tax strategies, succession planning opportunities, and investment structures not typically available to traditional employees.
Exit planning is the process of preparing for the future transition or sale of a business while coordinating financial, tax, retirement, and estate planning considerations.
The right retirement plan depends on factors such as income, number of employees, business structure, and long-term goals. Options range from Safe Harbor 401(k)s to cash balance and deferred comp plans.
Many entrepreneurs have wealth tied to their business. Building assets outside the company may help reduce financial concentration risk and improve long-term stability.