Broker Check

10201 West Markham Street, Suite 100, Little Rock, AR 72205

501-313-5049
info@myinnovationsfinancial.com
Account View
Small Business Planning

Small Business Planning

At Innovations Financial, we help business owners across Arkansas align business success with personal financial goals to create lasting impact.

Our expertise includes 401(k) plan design and implementation, ensuring your retirement plan meets compliance requirements while supporting employee engagement and retention. We guide you through every step so you can potentially maximize available tax credits and create a competitive benefit for your team.

We also provide succession planning and strategies for generational wealth transfer, helping you protect your business and prepare for a smooth transition when the time comes. By taking a holistic approach, we help you safeguard your business, preserve wealth, and plan confidently for the future.

How We Work With You:

  • Evaluate your business structure, cash flow, and retirement benefits
  • Design and manage 401(k) and other retirement plans for you and your employees
  • Create a succession or exit plan that protects your business and your family
  • We work in collaboration with your CPA to align your business and personal tax strategies and evaluate whether your current entity structure best supports your growth and succession goals.

Ready to create a business plan that supports your financial future? Schedule a complimentary consultation or send us a message to explore how we can help you grow, protect, and transition your business.

Frequently Asked Questions

Why should a small business work with a financial advisor?

A financial advisor can help you manage cash flow, plan for taxes, reduce risks, and make informed financial decisions so you can stay focused on running your business. Advisors also help streamline operations and coordinate both business and personal finances.

Can you help me set up the right business structure?

Yes. We help you think through options like LLCs, S‑Corps, and C‑Corps so you understand how each structure affects taxes, liability, and long‑term planning.

What retirement plan options are available for small business owners?

There are several retirement options available. SEP IRAs, SIMPLE IRAs, and Solo 401(k)s are options business owners can select. We help you choose a plan that fits your goals, income, and employee situation.

How do I plan for business succession?

Succession planning ensures your business can continue smoothly when you retire, step back, or transfer ownership. We help you create a long‑term plan that covers valuation, timelines, and strategy.

Can you help me develop a business plan?

Yes. We help you build or refine a business plan with realistic financial projections, risk management considerations, and strategies that support long‑term stability and growth.

Did you know you can claim Up to $5,500 in Tax Credits for Starting Your First Retirement Plan?

If you have no retirement plan for employees, you could be missing out on thousands in tax credits. Under SECURE 2.0, small businesses can now claim:

  • Startup Cost Credit: Up to $5,000 per year for 3 years
  • Auto-Enrollment Bonus: $500/year for 3 years

That’s up to $16,500 in potential savings! 

Click the button below to access our guide that walks you through how the tax credit works, how to file the proper IRS form correctly, and more!

Innovations Financial and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation.


Unlock Your Tax Credits
Schedule a Consultation Today

Little Rock Business Owners, let's have a conversation

Thank you!
Oops!