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Business Consulting
Integrity - Solutions - Service
CMS consults businesses in several different areas. A CMS advisor may also confer with outside experts or subcontract certain aspects of our service to deliver the highest quality advice to our clients. Our consulting services include, but are not limited to, the following:
Analysis of Forms of Business Entity
This service can include an analysis of which form of business entity best fits the business being consulted. The different forms include:
- Sole Proprietorship
- General Partnership
- Limited Partnership
- C-Corporation
- S-Corporation
- Limited Liability Company
Business Continuity/Succession Planning
CMS advises businesses on continuity issues involving the transition of ownership interests among partners, shareholders and/or next generation owners. Reviews of buy-sell agreements, funding arrangements and valuation issues, including insurance analysis are conducted. Furthermore, recommendations and assistance with implementation are provided.
Insurance Analysis
CMS identifies all areas where insurance coverage is needed, evaluates existing policies for appropriateness of coverages and cost competitiveness, makes recommendations for additional coverages or alternative solutions, if needed, and assists in the selection of the policies. Insurance coverages reviewed include, but are not limited to, the following:
- Commercial Property and Casualty
- Workers Compensation
- Healthcare Programs
- Executive Life
- Split-Dollar Life
- Key Person Life
- Business Overhead Expense Insurance
- Group Life
- Disability
- Disability Buy-Sell
- Disability Overhead
- Group Long-Term Care
- Employment Practices
- Professional Liability
- Officers and Directors Liability
Employee Benefits
Extensive evaluations are made of all employee benefits. Each evaluation attempts to achieve cost reductions and/or other improvements. If suitable, new benefits are recommended. Benefits considered include:
- Group Life Insurance
- Group or Individual Disability Insurance
- Medical Insurance
- Dental Insurance
- Alternative Medicine
- Prescription Drugs
- Vision Insurance
- Group Long-Term Care Insurance
- Pre-tax Dependent Care and Medical Reimbursement Plans (Flexible Spending Accounts)
- Cafeteria Plans
- Day Care Assistance
- Education Assistance
- Qualified Retirement Plans
- Legal Aid Plans
- Employee Stock Purchase Plan
Executive and/or Key Person Compensation Benefit Arrangements
A review can be provided for all executive compensation benefit arrangements. These arrangements are reviewed for compliance with federal and state laws, appropriateness and cost effectiveness. Additionally, new benefits are proposed, if suitable. CMS coordinates the implementation, which includes the following:
- Stock Appreciation Rights
- Qualified Stock Options
- Non-Qualified Stock Options
- Phantom Stock Agreements
- Non-Qualified Deferred Compensation Agreement
- Personally-Owned Disability and Life Insurance
- Split-Dollar and Reverse Split-Dollar Life Insurance
- Restricted Stock
Business Valuation
CMS provides business valuations for certain types of businesses. CMS utilizes business valuation experts to help conduct the valuation analysis.
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