Run your small business with peace of mind.
Protection for you and your business can help you save money and reduce expenses today. So what steps should you take for your business? In addition to your CPA, consultant and business attorney, talk with a SunTrust Banker to ensure you have the best practices for your business in place and are taking the right steps to protect you, personally and professionally.
This checklist will provide you the initial steps in protecting your business assets:
- Separate: Maintain separate accounts for business and personal finances for easier activity tracking and as a firewall to protect assets.
- Dependencies: Understand how your business affects your personal financial plans, and vice-versa. Discuss your combined financial situation with your spouse or other family members.
- Insurance: Select the right insurance coverage, e.g. business liability, worker’s compensation, disability, life, etc., for your business and your personal needs.
- Regulatory: Stay up-to-date on regulatory issues in your industry and maintain appropriate permits and licenses.
- Tax: Work with your CPA to minimize taxes and save enough funds to meet tax obligations.
- Security: Ensure you have the most up-to-date security protection for your business technology platforms.
- Fraud Protection: Evaluate the risk of fraud for your operations and industry. Work with your CPA to set proper separation of duties and financial checks/balances and use online banking fraud protection.
Protect your small business with:
Our small business advisors will be happy to talk more about SunTrust business insurance. Call 866.495.5416 to learn more or get started.
Learn More
SunTrust Cash Vault Services include:
Coin and Currency Deposits
Coin and Currency Orders
Information Reporting
Learn More
No matter who uses the Online Small Business 401k to make a plan for the future, guidance and advice is just a phone call away. Talk with our retirement experts by calling 877.665.4650.
Learn More
- Call Us At 800.752.2515
Find the right account for the way you work.
Join the onUp Movement today.
DISCLAIMERS
SunTrust Bank and its affiliates and the directors, officers, employees and agents of SunTrust Bank and its affiliates (collectively, "SunTrust") are not permitted to give legal or tax advice. While SunTrust can assist clients in the areas of estate and financial planning, only an attorney can draft legal documents, provide legal services and give legal advice. Clients of SunTrust should consult with their legal and tax advisors prior to entering into any financial transaction or estate plan. Because it cannot provide legal services or give legal advice, SunTrust's services or advice relating to "estate planning" are limited to (i) financial planning, multigenerational wealth planning, investment strategy, (ii) management of trust assets, investment management and trust administration, and (iii) working with the client’s legal and tax advisors in the implementation of an estate plan.
Disability and life insurance are offered by SunTrust Investment Services, Inc.
Small Business Resource Center
-
Infographic: Succession Planning Trends at Small Businesses
How today’s small business owners are (sometimes) planning for next steps.
-
Are You Wearing Too Many Hats at Your Small Business?
Going it alone in your business works for many small business owners, but not for others. Is it time to add another employee?
-
Infographic: Turning Barriers Into Opportunities
Learn how to overcome the most common pitfalls currently faced by small business owners and prepare your company for growth.
-
6 Ways to Reduce Expenses at Your Small Business
New businesses have a 50/50 shot at surviving past the five-year mark, so identifying unique ways to save could mean the difference between success and failure.
-
Infographic: Small Business, Big Risk
When it comes to preventing cyber attacks at your small business, education is key. Take the proper precautions to safeguard your company today.
