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In our members-only 2025 Year-End Panel: Tax & Wealth Planning Strategies, featuring Javier Romero, Managing Director & Wealth Strategist at Bank of America Private Bank, and Joseph Romano, Founder of Romano & Associates. Moderated by BFS CEO Julian Barnes, the session was designed to help studio founders think more strategically about taxes, entity structure, wealth transfer, and long-term planning as they close out the year and look ahead.This conversation was built specifically for owners navigating growth, profitability, and future liquidity events, with practical insights grounded in current tax legislation and real-world founder scenarios.
1. How tax strategy and wealth planning intersect across the business lifecycle
2. Year-end tax moves with Joe Romano: Section 179 expensing, defined benefit plans, and aligning tax decisions with goals like borrowing, reinvestment, or a future sale
3. Entity structure and long-term planning with Javier Romero: QSBS, C-corps vs. pass-throughs, and when to revisit your structure during growth or ownership changes
4. Advanced planning tools: phantom equity for retention and incentives, accrual-basis accounting for clearer financials, succession and estate alignment, buy-sell agreements, and charitable planning opportunities
5. Core takeaway: proactive planning creates options, reduces risk, and helps founders make confident decisions well before major transitions
Free Planning Resources Shared by Javier RomeroTo help founders go deeper, Javier shared several complementary resources commonly used with business owners through the Bank of America Private Bank Business Owner Planning Center of Excellence:
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