Events and Other Information
From time to time, Wheatland features events for their clients as well as the community.
Strategic Planning
Meeting with you to develop a Vision Statement and Mission Statement
Looking at your Strengths, Weaknesses, Opportunities and Threats
Development of short and long term goals
Exploring options that are available to you to achieve your vision, mission and goals
An implementation plan
A way to measure success of the plan
A means to update the Strategic Plan
Succession Planning
Meeting with you to determine your vision for transitioning or exiting the farm
Considering the amount of cash required for retirement
Considering needs of farming and non farming children
Considering the requirement and capability of farming children in funding retirement
Looking at the tax consequences of various options available for the transfer
Outline a step by step implementation plan for retirees and successors
Consideration of threats to the plan and what can be done to mitigate this risk
Financial Management Planning
Working with comprehensive current and 3 years of prior financial statements of your business considering changes that are occurring in your business
Trend analysis and other comparative analysis
Considering of options to change your operation and analyzing the manner this will meet financial and other goals
A monthly or quarterly cash flow for a full production cycle or more
Analyzing financial indicators and ratios and comparing with industry standards
Risk management assessment
A clear written description of a preferred option and explanation of the financial impact of the same
Development of an action plan: timeline, responsibilities of key players, how and what to monitor to determine success
Plan to reevaluate if goals and objectives are not being met
Business Structure Planning
Evaluating the effectiveness of your current business structure (proprietorship, partnership, joint venture, corporation or combinations of these
What needs of the business can be addressed by changing the business structure
Review of all available structures and considering their advantages and disadvantages
Detailed analysis of suitable or relevant structures for your busness
Consideration of taxation issues of the relevant structures
Consideration of set up and maintenance costs of relevant structures
Consideration of reporting requirements of relevant structures
Consideration of liability and risk issues with relevant structures
Determination of preferred structure
An analysis of obligations of different individuals within the preferred structure
Consideration of Human Resource issues
Consideration of the effect of winding up the preferred structure
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