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Exit Planning

Deciding how and when to exit a privately owned business is perhaps the single most important financial and personal decision in a business owner’s lifetime. Despite this fact, most owners are not prepared for this lifetime event.

For most owners, 90% of their wealth is tied up in their business. Unfortunately, most owners will never harvest this wealth. The US Small Business Administration estimates than only 20% of the privately held businesses available for sale each year are successfully sold. More startling, 12 months after selling, three out of four business owners profoundly regretted their decision. The purpose of an exit plan is to help owners exit their business on their timeline, on their terms, at the maximum selling price.

Our “Your Business, Your Legacy” exit plan is a comprehensive, integrated plan that asks and answers all of the personal, business, legal, financial, tax and estate issues that are involved in exiting from a privately owned business. This plan shows business owners how to begin positioning themselves and their businesses so that the owners accomplish all of their personal, financial and business goals when they exit.

Exit planning delivers tangible results for savvy business owners. It is not uncommon for companies that have invested the time and effort to prepare for sale to sell for a significant premium over companies that come to market unprepared. In addition, with good planning business owners are often able to reduce or in some cases eliminate the capital gains taxes due at the time of sale.