Frank Rekas’ Post

Do you have 20 minutes for a virtual coffee?☕ I'd like to know if you have just 20 minutes for me, as I'd love to share 2 or 3 ideas that we're currently using for our clients. You probably have questions like: Can I pay less to Uncle Sam?. Or Am I saving enough? Or Will I have enough? Or What am I missing? No obligation to do anything after our chat, but I know you'll learn something. We know a few things, cause we've seen a few things. Click the link to schedule your time: https://lnkd.in/gb3f6zXm ---------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful entrepreneurial attorneys and business owners. Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #attorneys #lawfirms

Please allow me to re-introduce myself: My name is Frank Rekas. I work with Lawfirm owners and other professionals in 3 areas: 1) Minimizing taxes 2) Protecting their life, income and assets 3) Growing their wealth. I call this the MPG System. I do this so that they/you can live with abundance and dignity. If this is something you want to learn more about, let's talk. I'm the Wealth Guardian. Ready to have your discovery meeting? Click book an appointment above and let's get on the calendar. --------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful entrepreneurial attorneys and business owners. Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #lawfirmavengers #wealthguardian

Does your LawFirm or business have a will? There are an estimated 12 million business in the U.S. Almost 70% of them are owned by The Baby Boomer Generation. That's about 4 million businesses. This represents trillions of dollars in total wealth. These business have a great amount of cash flow that they're generating, and many of them are missing a very important feature. There is no succession or transition plan in place. If this is you, what is it that you're waiting for? Because the handshake deal that you have with your partner(s) won't stand the test of time with their families. They will want their fair share of the proceeds. They won't wait, and they shouldn't have to. There's a tremendous amount of wealth that's going to transfer. Wouldn't you want to make sure it happens in the most efficient way possible? If you're even wondering how this can happen we need to have a conversation that could save you significant dollars, not to mention the headache and heartache the families will have. Click book an appointment above, and lets talk about saving your business, and making sure it transfers the way you want it to, instead of how it would have to. --------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful LawFirm Owners, Partners, and their clients. Let's make it happen! Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #Attorneys #LawFirmSuccess

Shareholder Agreements with Millen Wealth Advisors - Webinar Today! Join us on May 8 at 7pm EST as Millen Wealth Advisors welcomes Trevor Parry. Trevor is a nationally renowned tax lawyer who is passionate about entrepreneurial success. Learn the strategies to help you keep more of your money, plan for the future and ensure your business growth is not held back by poor tax and legal planning. This webinar will be focused on shareholder agreements and how to fund them using life insurance, company funds and the proper structure of shareholder agreements. This will be most helpful for businesses generating $500,000 in revenue or higher. Link to Register: https://lnkd.in/gqDgeyci #TaxPlanning #LegalStrategy #Entrepreneurship #BusinessGrowth #ShareholderAgreement #LifeInsurance #CorporateFunds #BusinessSuccess #SmallBusiness #EntrepreneurialTips

Many of the Law firm owners and partners that I talk to say that they have a financial plan. 🤔 But when we look under the hood, their financial plan consists of a bunch of products that they bought from different people. Or they have a "financial advisor" who in reality is basically just managing their investments. The concern is that nothing is congruent. The products don't align. No one is in the same room at the same time....ever to see how these all fit together, and to see if they make sense. What's the solution? Start with an Asset Map. Create a Target Map. You'll see why you have what you these. You'll find out where you're headed. You'll know where the shortfall is, and how to overcome it. I'm the Wealth Guardian. Minimizing your taxes, protecting your life, income and assets, so you can grow your wealth, live abundantly and with dignity. Ready to have your discovery meeting? Click book an appointment above and let's get on the calendar. Dm me with any questions. I'm here. --------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful entrepreneurial attorneys and business owners. Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #lawfirmavengers #wealthguardian #attorneys #lawfirmsuccess

Just because you filed your return doesn't mean you can relax. Law firm and closely owned business owners, read on! You wrote the check. You're still feeling the pinch. 😣 You have less in your bank account, and you don't like it. Tax planning isn't a once a year event. You need to be proactive, and get your other professionals involved. If no one talks to one another, how would you know that the right decisions for you are being made????????? Collaboration! At Plutus Financial Partners, we collaborate with your people to make sure that together we get the best outcome for you. We don't relax when it comes to taxes. We fight this fight with you all year long. We might not be able to help you. But chances are if you're a law firm or closely held business owner, you need to find out. Like a good doctor we have to diagnose you. We can't just prescribe the medicine and hope you take it. If what you're doing isn't working....why are you still doing it? I'm the Wealth Guardian. 😎 Minimizing your taxes, protecting your life, income and assets, so you can grow your wealth, live abundantly and with dignity. Ready to have your discovery meeting? Click book an appointment above and let's get on the calendar. Dm me with any questions. I'm here. --------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful entrepreneurial attorneys and business owners. Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #attorneys #lawfirmsuccess #lawfirmavengers #wealthguardian

On this Hallow’s Eve, we will leave you with one final frightening tale. In the mystical realm of business, a haunting tale unfolds—a story of the wrong entity structure, fraught with chilling consequences. Legal Liability: Brave souls ventured into the perilous realms of sole proprietorship and partnership, where personal assets dangled precariously, vulnerable to business debts and lurking legal battles. Lack of Legal Protection: Ignorance robbed them of a crucial shield—limited liability. Meanwhile, corporations and LLCs offered spectral protection, warding off menacing financial risks. Tax Inefficiency: A misstep plunged them into a labyrinth of tax woes, haunted by higher taxes and lost savings opportunities due to double taxation. Difficulty in Raising Capital: Investors were drawn to structured ownership, while businesses lacking it struggled to attract capital, stunting their growth. Regulatory Compliance Challenges: The wrong structure spawned administrative burdens and legal quagmires, awakening the wrath of regulatory phantoms. In this tale, entrepreneurs learned to tread with care, for the choice of entity structure could shape their destiny. Seeking counsel from spectral professionals ensures alignment with business needs, warding off spectral pitfalls. The moral: Choose wisely to escape the haunting consequences of a misfit entity structure, and your business journey may be free from ghostly entanglements.

Attention Law Firm Owners: Conquer these Financial Challenges with reliable guidance: You're busy running your firm. There's only so much time in the day. These are 5 things that you can't let get your of control: 1) Cash Flow Management: Your income is inconsistent, especially at the beginning. Operating expenses, salaries, rent, utilities and benefits can be a challenge. 2) Tax Planning: This isn't just something you handle in April. You need to work on this throughout the year and have the proper advisors with you that are proactive, not reactive. 3) Succession Planning: This should start almost immediately, yet so many wait till it's unfortunately too late. 4) Debt Management: Watching what comes in, watch what goes out, and be mindful of what you spend on that you can't pay for now. You have to know your numbers, otherwise, this gets overwhelming. 5) Client Acquisition and Retention: Working with people that can guide you in both areas can be helpful for the growth as well as the sustainability of your firms revenue. Get help. Is there anything you'd add? What did I possibly miss? Start maximizing your firm's potential today. Connect with me to explore tailored solutions for your law practice. I'm the Wealth Guardian. Minimizing your taxes, protecting your life, income and assets, so you can grow your wealth, live abundantly and with dignity. Ready to have your discovery meeting? Click book an appointment above and let's get on the calendar. Dm me with any questions. I'm here. --------------------------------------------------------------------------------- Most advisors start with a product to sell. We start with a person to serve. 💞 I'm a personal CFO of successful entrepreneurial attorneys and business owners. Your gonna love the way we work. We just know it. #franklyspeaking #financialplanning #protection #wealthbuilding #MPG #lawfirmavengers #wealthguardian #attorneys #lawfirmsuccess

Paying Yourself First: Key Considerations for Caymen Business Owners, by Guy Campbell, CFA, CAIA, the first of it's kind white paper from the stables of Liberty Wealth Partners Ltd is filled with insightful admonitions and actionable guidance on personal and business finance management. Grab your copy today: it's a highly recommended read. #businessowners #caymenbusinessowners #financialmanagement #businessmanagement