BUSINESS SERVICES

Your Wachovia Relationship Manager can manage the banking relationship of your medical practice, professional association, Limited Liability Partnership (LLP), Limited Liability Corporation (LLC) or similarly structured professional entity.

In addition, business owners can benefit from the detailed financial planning services that are needed when business and personal affairs overlap.

Credit Options and Banking Services

A wide variety of credit services are available for working capital or business expansion. We can help your practice manage its cash and accounts payable through discounted banking services for small businesses. In addition, we can provide you with treasury services and online access to your accounts, 24 hours a day.

For your Merchant Visa^® or MasterCard^® needs, we can show you how to collect receivables faster and less expensively through Wachovia Treasury Services.

Retirement Plans

Offering a strong benefits package is one of the most important tools you have for attracting and retaining the best employees. We can provide expertise in establishing defined contribution plans as a way to retain and reward your key employees.

Whether it’s a 401(k), a Simplified Employee Pension-IRA (SEP-IRA), Salary Deferral Simplified Employee Pension Plan (SARSEP), or other plan, your Relationship Manager can help create the best solution for you, your business, and your employees.  For information on additional services to fit the unique needs of your business visit our Small Business Services area.

Business Risk Management

We can help you structure an insurance program that preserves business value at a predicable cost.

Business Estate Planning

Your business may be the most valuable asset in your entire estate. And yet, most family-owned businesses do not survive the first generation due to legal issues, taxes, and family disputes. To help avoid these matters, it is essential to plan ahead. Your personal estate plan, insurance policies, and business estate plan are all intimately connected.

• Management Succession
  A management succession plan is vitally important to the health and welfare of your family and your employees.
• Business Inheritance
  One of the most difficult issues is deciding how to divide your business among your heirs. It’s a sensitive issue, but planning for it now can help avoid problems later.
• Business Valuation
  To avoid a court battle with the IRS to determine the value of your business for estate taxes, it’s important that a professional valuation of your business be performed on a timely basis.

We can also help you plan ahead to make sure your estate has enough liquidity to pay your estate taxes and provide support for your heirs

Related Products and Services
•Small Business
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