Team photo
Centuria Financial Group

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David P. McCabe,

WMCP®, ChFC®, CLU®

Financial Planner, Prudential Advisors

david.mccabe@prudential.com

 

Jason M. Bowers,

RICP®, CDFA®

Financial Planner, Prudential Advisors

jason.bowers@prudential.com

 

Nathaniel D. High, RICP®

Financial Planner, Prudential Advisors

nathaniel.high@prudential.com

 

Nicholas Over

Financial Planner, Prudential Advisors

nicholas.over@prudential.com

 

Melissa L. Lang

Client Relations Manager, Prudential Advisors

melissa.lang@prudential.com

 

Centuria Financial Group

2333 Baltimore Blvd Suite B

Finksburg, MD 21048

 

Phone:  443-952-7232

March/April 2022

Planning Your Company's Financial Future

Planning Your Companys Financial Future

It’s tax season, which provides a good opportunity to assess your business and take stock of where you are, where you’re going, and what steps you can take to plan for a successful year ahead.


Look at the Big Picture
Review your business's corporate structure to determine if it's working for you. Analyze the company's cash flow to see if there are financial strategies you could use to improve your bottom line. As a business owner, you must be aware of your total financial situation before making changes or investment decisions. Keeping personal and business accounts separate can help you weather a downturn in the business, since financial support from personal accounts can keep you solvent.


Protect Your Assets
An unexpected event could upend your small business. Insurance can help protect it. Types of insurance coverage you may want to consider are life insurance to protect your family's finances should anything happen to you, and business insurance, including business liability insurance, property coverage, umbrella insurance, workers' compensation, and so on.


Choose a Retirement Plan
Choosing a retirement plan for yourself and your employees should be high on your list of planning priorities. Many retirement plan options are available for small businesses. If you don't currently have a plan in place, review each option and select one that's appropriate for your company.


Create a Backup Plan
What would you do if profits took an unexpected downturn? Having a financial cushion can help your business through any lean times. Consider alternative ways to make money, such as adding a new product line or service, to keep your customers engaged with your business and help you turn a profit.


Set Strategic Goals
What are your business goals for the next five, 10 or 20 years? If you can't answer that question, it's probably time to draft or revamp a plan for your business's future. Setting financial and other objectives gives you a roadmap to follow and a means to determiine whether you're on track to reach your goals.

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Life insurance is issued by The Prudential Insurance Company of America, Newark, NJ, and its affiliates. Centuria Financial Group is not affiliated with Prudential Financial. Centuria Financial Group sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Centuria Financial Group is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Centuria Financial Group and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Prudential Advisors is a brand name of The Prudential Insurance Company of America and its subsidiaries. Melissa L. Lang is employed by David McCabe and not The Prudential Insurance Company of America or its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
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