What is exit planning?
It is the creation of a comprehensive strategy to successfully exit a privately held business. A good exit plan asks and answers all the business, personal, financial, legal, and tax questions involved in selling your company. It is a complex process, and one of our CFOs can be your expert guide.
Why exit plan?
Allows the business owner to control how and when they exit
Maximizes company value
Generates multiple options
Helps achieve your personal and business goals
Reduces stress of business owner and all stakeholders
Decreases employee uncertainty
Preserves family harmony
Ensures the survival and continuity of the business
Only 25% of private businesses have done any exit planning. We know this can be a tough subject to think about, but at some point in your career, you will decide to retire or move on. It’s never to early to put a plan in place. Whether you decide to sell or keep your company, take control of the timing.