Corporate Financial Services
Corporate Risk Management
Risk management is the process of identifying, quantifying, and managing the risks that an organisation faces. As the outcomes of business activities are uncertain, they are said to have some element of risk. These risks include strategic failures, operational failures, financial failures, market disruptions, environmental disasters, and regulatory violations. One area we expert in is the proper financial planning of sinking fund for an organization.
While it is impossible that companies remove all risk from the organisation, it is important that they properly understand and manage the risks that they are willing to accept in the context of the overall corporate strategy.
Guarantor Discharge & management
Access to capital can make or break your small business, and your ability to obtain a loan or a line of credit when your business needs cash often depends on your personal creditworthiness. It can take many years for a business to establish its own credit profile. Until that point, you often are asked to pledge your personal assets to guarantee repayment of business debts, meaning you personally repay the debt even if the business goes bankrupt.
A personal guarantee abolishes the line between your personal and business assets. When you personally guarantee a business line of credit, you promise to pay the debt from your own pocket, if necessary. That promise is legally binding and has the force of a contract between you and the lender that is independent of the business. Financial Consultants from Nuovo Paradigm can assist you to plan and manage this before unforseen circumstances occur.
Employee Retention Plan
Employee retention refers to the various policies and practices which let the employees stick to an organization for a longer period of time. Every organization invests time and money to groom a new joinee, make him a corporate ready material and bring him/her at par with the existing employees. The organization is completely at loss when the employees leave their job once they are fully trained. Employee retention plan takes into account the various measures taken so that an individual stays in an organization for the maximum period of time. Our consultant will tailor the plan to suit to your need.
For business owners that are at or near retirement, the issue of succession cannot be ignored. Many factors determine whether a succession plan is necessary, and sometimes the logical and easy choice will be to simply sell the business lock, stock and barrel. However, many owners prefer the thought of their businesses continuing on even after they're gone. Thus, there are needs for proper succession planning for different situation.
Keyman insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two. These are the people who are crucial to a business--the ones whose absence would sink the company. You definitely need to consider keyman insurance on those people.
Retirement Planning is the process of planning for retirement, specifically in terms of making financial plans. Most often, retirement planning involves depositing money into a retirement account, and purposefully saving money for the future. There are many different types of retirement plans available.
Trust & Estate Planning
Estate planning is the process of anticipating and arranging for the disposal of an estate during your life. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Forming Trust and using public trustee can be a method used to transfer share of company in transparent manners.
Buy Sell Agreement
Buy sell agreement is an agreement used by businesses to sell the interests of a deceased owner to the remaining partners at a predetermined price or using a predetermined formula. It is important to plan ahead and determine the exit plan of a business, determine the selling price and buyer in advance will help company to manage their finances more effectively.