Fulcrum Partners is releasing a new report designed to provide insights to pass-through businesses, S-Corporations, partnerships, and LLCs.
Organizations such as S-corporations, partnerships, limited liability partnerships (LLP), or limited liability corporations (LLC) that have elected to be taxed as a partnership, are taxed as a pass-through entity. In many cases, a nonqualified deferred compensation plan can help solve the organization’s challenges, serve its needs, and better position the business to attract and retain talent.
In today’s competitive hiring marketplace, consider these two eye-opening facts:
- “Turnover costs are often estimated to be 100 to 300 percent of the base salary of replaced employee.” Source: Society for Human Resource Management (SHRM)
- “For high-level or highly specialized employees, you’re looking at 400 percent of their annual salary.” Source: Talent Management and HR, net
Business owners should understand when a deferred comp plan will benefit their organization and when it might not be advantageous for them, as owners of the company. To learn more, download the full report, “How Deferred Comp Plans Can Help Pass-Through Businesses,” or view it on the “Alliance” tab of this website, where you will find other case studies and reports that show a few of the many ways Fulcrum Partners helps BDO Alliance USA Member Firms serve their prospects and clients.
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