Sole traders and owner-managed businesses

If you run your own business or operate as a sole trader, then you know how precious your time is. The demands of ensuring you are effective and profitable, as well as keeping up to date with the latest legislation, mean that financial planning matters can often end up being overlooked.

However, by failing to plan properly, you could end up paying out more than you should for insurance premiums or investing in products or services with poor returns. By not using your resources effectively, you could end up losing money that would be better spent on your business.

At Milsted Langdon Financial Services, we believe that Financial Services should be an integral part of any business plan. However, we also understand that you may not have much time to think about such matters. We can help you draw up a financial plan, ensuring you get the best out of your business and giving you more time to run it.

Even if you already have Financial Services measures in place, it is still important to review them on a regular basis to take account of any changes in your circumstances that could affect how much you pay. Equally, any pension schemes or investments will need reviewing to ensure they are performing in line with your financial objectives.

We can advise you on a wide range of issues, including:

  • Personal provision – including income protection, life assurance and critical illness cover.
  • Employer provision – including debt protection, keyman insurance and group risk arrangements.
  • Savings and investments.
  • Pensions and retirement planning.
  • Tax planning, including for your business and Inheritance Tax planning
  • Mortgage planning, including commercial mortgages.

To find our more about our Financial Services for sole traders and owner-managed businesses throughout the UK, please contact us.