For Businesses – Baystate Financial

YOUR BUSINESS IS YOUR PASSION, HELPING YOU PROTECT IT IS OURS.

We help business owners, like you, protect their largest and most valuable asset — their business.

Your business is your family’s lifeblood; a pillar in your community. Our goal is to help you stay focused on the task at hand — running your business — while together in concert with your trusted advisors, helping to create a financial road map for the long-term success of your business.

Risk Management

There are steps you can take as a business owner to help mitigate some of the risks that can threaten the viability of your business, such as:

Creating a cash reserve
Protecting the business from the loss of a key employee
Protecting the business’ cash flow

Business Succession

This is the strategy for how you will transfer the business when one of the owners is ready to step down or if something unexpected happens to one of the owners. This includes:

Drafting and properly funding a buy-sell agreement
Identifying a successor to the business
Determining the value of the business

Personal Protection Planning

We help ensure that your protection planning extends beyond the business and to your family and heirs, including:

Protecting your income stream
Planning for retirement
Developing an estate plan

EMPLOYEE BENEFITS

The importance of having benefit plans in place to encourage top talent to join the firm, stay loyal and keep the business ahead of the competition can never be overstated. This includes: