Exit Planning

What Is An Exit Plan?

Properly prepared and implemented, a customized exit plan becomes the “playbook” to successfully exit a privately held business. Exit planning addresses the breadth of an owner’s goals including personal, business sale, financial, legacy, community and philanthropic. Studies indicate that fewer than 30 percent of private business owners have an actionable exit strategy or exit plan. Those who do often have only one element, such as an estate plan or management succession plan. 

What Are The Benefits Of An Exit Plan?

• Lowers a business' risks.
• Avoids potentially risky owner asset wealth concentration.
• Provides a current realistic business valuation.
• Maximizes your company’s valuation at the time of exit.
• Analyzes the pros and cons of the exit options available to you.
• Identifies the company sale price needed to support your retirement lifestyle.
• Lowers or defers transaction taxes.
• Preserves wealth for later generations.
• Creates owner and family peace of mind.

What Are Some Of The Costs Of Not Having An Exit Plan?

• Receiving a lower business valuation…leaving money on the table.
• Being unable to control the timing of your exit.
• Potentially only being attractive to one buyer (having no price leverage).
• Paying too much in transaction and estate taxes.
• Leaving headaches to your family members to solve.
• Not being able to live the retirement lifestyle you deserve.