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Empowering Your Legacy

posted by TrueNorth Financial Strategies on Tuesday, December 19, 2023

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Empowering Your Legacy: TrueNorth's Comprehensive Financial Strategies for Business Owners and Key Individuals

In the intricate tapestry of life, the role of a key person in a business or the head of a household is both pivotal and complex. TrueNorth's Financial Strategies division recognizes the unique challenges faced by business owners and individuals serving as the primary breadwinners or heads of households. Let's explore our tailored approach to mitigating risks and securing financial well-being from both a business and personal perspective.

Protection Against Death: A Shield for Businesses and Families

  • Owner's Perspective:The sudden loss of a key person in a business can leave an organizational void, affecting operations, client relationships, and overall stability. TrueNorth steps in with succession planning strategies, and key person coverage securing a seamless transition and protecting the business's continuity.
  • Personal Side - Breadwinner/Head of Household:For the family of a business owner, the emotional toll of losing a provider is immense. TrueNorth's solutions extend beyond the business realm, offering financial security to families in the face of such tragic events. We safeguard the legacy you've built, ensuring your loved ones are financially protected.

Safeguarding Health and Income: Business Continuity and Personal Resilience

  • Business Owner's Perspective:An illness or disability affecting a key person can disrupt business operations and profitability. TrueNorth specializes in business risk management, providing strategies to maintain income streams and navigate these challenges without compromising the financial health of the company.
  • Personal Side - Breadwinner/Head of Household:From a personal standpoint, health challenges can jeopardize the ability to provide for one's family. TrueNorth's holistic approach extends to personal financial risk management, ensuring that individuals can navigate health-related financial strains while securing their family's well-being.

Mitigating Taxation Risks: Navigating Business and Personal Finances

  • Business Owner's Perspective:The intricate landscape of business taxation requires careful navigation. TrueNorth's experience in tax reduction strategies assists business owners in optimizing their financial structures, minimizing tax implications, and safeguarding long-term financial sustainability.
  • Personal Side - Breadwinner/Head of Household:On the personal front, managing taxes is crucial for preserving the fruits of your labor. TrueNorth's comprehensive approach encompasses personal tax planning through retirement, safeguarding your financial resources and enhancing your ability to invest in your family's future. Taxation is often the largest expense in retirement, but it doesn’t need to be.

TrueNorth's Approach: Bridging Business and Personal Success

At TrueNorth, our commitment is to bridge the gap between business and personal financial success. Whether you're a business owner navigating the complexities of succession planning or a key individual securing your family's legacy, our tailored solutions establish a comprehensive approach to financial well-being.

Real-Life Scenarios: From Vulnerability to Empowerment

  • Explore real-life scenarios illustrating the transformative impact of TrueNorth's strategies. From vulnerable situations to empowered resilience, these examples showcase how our solutions have safeguarded both businesses and families, leaving a lasting legacy.

Secure Your Legacy with TrueNorth's Guidance

TrueNorth's Financial Strategies division stands as your dedicated partner in securing both your business and personal legacy. Empower your journey with our expertise, tailored solutions, and unwavering commitment to your financial well-being. Reach out to TrueNorth today and embark on a path that creates a lasting impact on your business, your family, and your legacy.


(Securities offered through Lion Street Financial, LLC (LSF), Member FINRA & SIPC Investment Advisory Services offered through Lion Street Advisors, LLC. LSF is not affiliated with TrueNorth Companies, L. C.)   

Tax and Legal services are not offered by Lion Street Financial, LLC., or Lion Street Advisers, LLC. 

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For more information and financial guidance, please call TrueNorth at 1-800-798-4080.  Our financial advisors would be happy to schedule a consultation with you and your loved ones to make sure the things that matter most are protected and accounted for.

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