As we quickly approach 2024, we want to remind everyone that how a company handles their year-end planning can have a significant impact on their surety support.
Owners/managers whose businesses are profitable and growing sometimes fail to prioritize year-end issues with their future surety support in mind. If continued or expanded surety support is critical to a company’s growth, they need to weigh surety-oriented considerations against the other considerations that guide their year-end planning.
Here are just a couple of year-end considerations that should be examined – Has the company considered upgrading their year-end financial statements? Have they looked at improving their “working capital” position? Has the company considered building their equity? While these are a few items to consider, there are many other considerations that our team can bring to their attention when planning for the future.
Thankfully, Goldleaf is here to help! Goldleaf Surety Services can provide counsel to agents and their insureds – with both year-end considerations as well as other surety considerations – needed to grow and improve the company’s surety support for their long-term success.