That applies equally to your business and personal life. Don't think financial planners won't be interested because you're small. The little guy needs us as much as the guy who has money. The Advisor's Job Broadly, financial advisors help with cash, risk and investment management, as well as tax, retirement and estate planning. For your business, that might include reviewing employee benefits, analyzing business agreements, reducing business taxes and making sure you have adequate property or liability insurance coverage.
Advisors also work to slice estate taxes.
They can point your business in the right direction to help meet personal goals. Maybe you want to keep the business in the family, for example, or use the business to create a retirement income. An astute advisor can even recommend ideas to make your business more profitable. And after the plan is complete, Kemprecos says a good advisor will encourage small-business owners to stay the course by making timely phone calls, dropping by and doing the paperwork to keep it going smoothly. Tax lawyers, stockbrokers and investment managers round out the mix.