Exit Planning

Achieving Your Goals

Far too often, private company owners don’t think about their exit or transfer process until retirement approaches. In so doing, they lose control over the decision as other exit strategies take shape in reaction to external forces such as an industry downturn, changing competition or unanticipated illness.

With some business owners the choice for an exit strategy is as simple as passing on the business to the next generation. Many others face the difficult task of deciding how to exit the business, just as importantly, who will help through this process.

We work to develop succession plans that fit business owners’ personal goals and circumstances. We start by gathering information – often with the assistance of the business owners’ Advisory Team – and ask insightful questions to guide us toward a strategy that satisfies her or her personal motives and family goals. We then compare and contrast the different types of transactions available and assess the pros and cons of each. Our experience has proven that a proactive approach to an exit strategy is one of the best approaches to a successful strategy.

Exit Planning Involves Answering "Yes" to Seven Questions:

1. Do you know your exact retirement goals and what it will take - in cash - to reach them?

2. Do you know how much your business is worth today, in cash?

3. Do you know the best way to maximize the income stream generated by your ownership interest?

4. Do you know how to sell your business to a third party and pay the least possible taxes?

5. Do you know how to transfer your business to family members, co-owners, or employees while paying the least possible taxes and enjoying maximum financial security?

6. Do you have a continuity plan for your business if the unexpected happens to you?

7. Do you have a plan to secure financial independence for your family if the unexpected happens to you?

Market Watch

Last Closing Prices

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 24,715.09 +0.00
Nasdaq Composite 7,354.34 -0.38

[ Markets | Charts | Quotes | Portfolio ]

Market data delayed per exchange rules.
All quotes are in US Eastern Time (EST).
Market data provided by ICE Data Services. ICE Limitations. Powered and implemented by FactSet. Legal Statement.