Financial Planning for Business Owners in Rochester, NY
You built the business. Now find out what it’s worth.
We help business owners prepare for a sale or succession, coordinate the tax side with their CPA, and serve as fiduciary on their company retirement plan, locally and in states across the country.
How Do You Prepare a Business for a Sale or Succession?
Selling or handing off a business may be the largest financial transaction of your life, and the tax consequences of getting it wrong can follow your family for years. Preparation starts earlier than the transaction itself. We help you understand what the business is worth, think through succession and exit options, and coordinate tax strategy with your CPA before the transaction, when there are still choices to make. The plan also covers what comes after the sale, from turning proceeds into income to managing estate tax exposure, so what you built can keep supporting the next generation. Your team is one of your greatest responsibilities, so while you still own the company we serve as fiduciary on your employer-sponsored retirement plan, from plan analysis and record-keeper selection to providing the education employees need to use it well. If the plan has not had an independent review in years, we check that it is cost-effective against the market and that you, as the plan’s sponsor, have the safeguards your legal responsibilities call for.
Why Business Owners Choose The Pitti Group
We run a family business ourselves, so we understand what it means to have your name and your livelihood in the same place. In a career that began in 1994, Sal has helped owners plan successions and turn business value into retirement income, and the firm coordinates investments, tax planning, estate strategies, and the company retirement plan in a single ongoing relationship. As fee-only fiduciaries, we sit on your side of the table. The difference shows in the conversations: plain answers with the reasoning spelled out, and follow-through between meetings.
Business Succession Planning Questions
A business valuation gives you a documented starting point, and we offer clients an informal valuation service as part of our business succession and valuation planning with one of our financial partners. Knowing the number early shapes every later decision about selling, gifting, or transitioning the company.
Mostly through the structure and timing of the sale, which is why planning has to start while the deal is still taking shape. We discuss tax strategies with you and coordinate directly with your CPA so decisions get made early, when options are still open.
Succession planning is deciding in advance how your business changes hands: who takes over, on what timeline, and how the transition is structured. We help owners build that plan and coordinate the details with their CPA and attorney.
Yes. We serve as fiduciary and independent advisor to businesses and non-profits on their retirement plans, including plan analysis, cost comparisons, record-keeper selection, investment monitoring, and the education employees need to use the plan well.
Years before you intend to leave, ideally. An early start gives you time to strengthen the business’s value, weigh succession options, and structure the transition with fewer compromises.
Talk It Through Before You Sign Anything
Whether the sale is a someday idea or there is already a buyer at the door, a complimentary conversation costs you nothing and may change how you see it.
Request a Complimentary Call →Prefer to talk now? Call (585) 337-4000