In the course of daily operations for every small business owner, there will likely come a time when a trusted professional resource is needed to provide sound advice that ultimately benefits the business. These benefits may come in the form of cost savings, generating sales growth, investment solutions, minimizing tax liabilities or potential liability issues. That’s why every business, from sole proprietorships to corporations, should have a trusted Resource Team in place.    

Probably the most important member of your Resource Team is your community banker. Consider the various aspects of your business, from operating accounts to commercial loans. Your banker will play a key role in nearly every facet. We help you choose the right deposit account with all the necessary cash management features, often tailoring online banking services to your specific needs. Additionally, enrolling you in Positive Pay ensures check fraud protection for your business accounts. On the lending side, your commercial banker can assist with improving cash flow with a working capital line of credit, financing equipment, or even purchasing commercial real estate as your business grows. Whatever the case may be, having a trusted banking resource will help every business owner navigate the evolving business landscape and achieve success.

The next key member of your Resource Team is a qualified accountant. This professional will assist you year round, not just during tax season. A skilled accountant provides regular financial reports, helps with tax payments, and offers valuable tax planning advice that will save you and your business money. They can also help identify tax deductions and credits you may have missed and ensure your business stays compliant with ever-changing tax laws. With their expertise, your accountant becomes an essential partner in managing your business's financial health and fostering long-term success.

A financial adviser is another crucial member of your Resource Team. They can navigate the Illinois Secure Choice Act, ensuring compliance while exploring retirement savings options. Additionally, they can provide insight for business life insurance to protect your company’s future. With expertise in treasury management, they can also offer investment solutions for you and your employees. If you're ready to explore these services, contact Robert Walker, Financial Adviser at First Community Investment Center located in First Community Bank and Trust to start building a stronger financial future for your business.

Potential business liability issues can be addressed with the help of our final two Resource Team members - a qualified attorney and an experienced insurance representative. Establishing the right corporate entity is very important when addressing liability and tax concerns. Whether a limited liability company (LLC) or a Sub S corporation is the best option for your business, it may require input from multiple members of your Resource Team. This is especially true if a new entity or affiliated company (outside of the main business) needs to be established. A skilled attorney is necessary when negotiating contracts with suppliers or vendors. Your best interests need to be protected and your Resource Team can help. 

FCBT plays a vital role in the community as a long-term provider of financial services.  We would like to have the opportunity to help you today. Call John Lockie, Senior Vice President - Commercial Lending, at (708) 946-2246 to discuss your commercial loan needs. He can set up an appointment to meet with you at your place of business or our Beecher or Peotone Financial Centers. We appreciate your business and would like to be part of your Resource Team. Reach out to us today – we’re here to help. You won’t regret it!

About First Community Bank and Trust
First Community Bank and Trust is a privately-owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 109 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service. We offer traditional community banking services, including mortgage, consumer, and commercial lending, as well as state of the art electronic banking services.

Press Contact:
Steve Koehn, Senior Vice President
First Community Bank and Trust
(708) 946-2246

First Community Investment Center is a marketing name of Cetera Investment Services. Securities and insurance products offered through Cetera Investment Services, LLC, an independent registered broker dealer. Member FINRA/SIPC. Cetera is not affiliated with the financial institution when investment services are offered. Investment products are - Not FDIC Insured - May lose value - Not bank guaranteed - Not a deposit - Not insured by any federal government agency.

Registered address: 1111 Dixie Highway, Beecher, IL 60401 • (708) 946-2246

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