You will submit a draft of your business wealth management memo Your draft should contain all of the critical elements of the Final Project Part II Upon submission, the instructor will provide feedback which should then be applied in preparation for the final submission Specifically, the following critical elements must be addressed Executive Summary Briefly restate the client's request, as well as how you went about answering it What additional information might you need to gather from the client to better assess the business's needs Business Risk How might the client mitigate common business risks Support your response with specific examples that illustrate both the risk and potential ways to address it Your suggestions do not need to be exhaustive, but should give an idea of the different types of financial risk a start up might face, including elements of the financial statements that the client should pay particularly close attention to as they review annual performance Retirement Benefits What are the key considerations in planning retirement benefits for the business What options might the client consider and why Be sure to discuss the pros and cons of each option and how those would (or would not) change as the business grows Your suggestions do not need to be exhaustive, but should serve as a starting point for discussion with the client Tax Implications How might the client incorporate tax considerations in planning Give examples of different federal or state tax rules that might apply and how these might impact the company's opportunity for growth Because the purpose of the memo is to start a conversation with the client, your response does not need to be exhaustive but should be illustrative of different types of tax management strategies the business might consider Business Succession Planning Suggest business succession options for the client to consider Justify your response, highlighting the strengths and weaknesses of the different options and how the client might go about determining which option best aligns with the needs

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You will submit a draft of your business wealth management memo. Your draft should contain all of the critical elements of the Final Project Part

You will submit a draft of your business wealth management memo. Your draft should contain all of the critical elements of the Final Project Part II. Upon submission, the instructor will provide feedback which should then be applied in preparation for the final submission.

Specifically, the followingcritical elementsmust be addressed:

Executive Summary.Briefly restate the client's request, as well as how you went about answering it. What additional information might you need to
gather from the client to better assess the business's needs?
Business Risk.How might the client mitigate common business risks? Support your response with specific examples that illustrate both the risk and potential ways to address it. Your suggestions do not need to be exhaustive, but should give an idea of the different types of financial risk a start-up might face, including elements of the financial statements that the client should pay particularly close attention to as they review annual performance.
Retirement Benefits.What are the key considerations in planning retirement benefits for the business? What options might the client consider and why? Be sure to discuss the pros and cons of each option and how those would (or would not) change as the business grows. Your suggestions do not need to be exhaustive, but should serve as a starting point for discussion with the client.
Tax Implications.How might the client incorporate tax considerations in planning? Give examples of different federal or state tax rules that might apply and how these might impact the company's opportunity for growth. Because the purpose of the memo is to start a conversation with the client, your response does not need to be exhaustive but should be illustrative of different types of tax management strategies the business might consider.
Business Succession Planning.Suggest business succession options for the client to consider. Justify your response, highlighting the strengths and weaknesses of the different options and how the client might go about determining which option best aligns with the needs.