What Is Exit Planning?
Exit planning prepares business owners for the eventual sale or transfer of their business. Key considerations include business valuation, owner readiness, potential buyers, payment timing, and financial sufficiency.
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The Process
- Typically requires months to a year to complete
- Involves extensive what-if scenario analysis
- May require multiple specialists:
- Transactional attorney
- Tax advisor
- Valuation analyst
- Investment advisor
- Retirement planner
- Estate planner
It all starts with a plan
Before I can help you tackle your tax or financial issues, I will work with you to develop a tax and financial plan. This process will allow you to:
- Explore your values and your interests
- Determine your goals for the future
- Analyze your cash flow needs
- Organize your financial accounts
- Assess your tax situation
- Develop specific recommendations to help you meet your goals