Business succession
The decision to exit your business is personal and complex. Should you decide to sell, planning is a key component to help achieve your personal and financial goals—it's never too early to start.
Preparing your business
Though many business owners have an idea about what their future may hold, few have developed a plan. The earlier you start to plan your transition strategy, the better the outcome will be, even if it is many years in the future.
We can provide you with a plan of action for how best to sell, helping you think through important questions such as:
- What are your desired financial objectives?
- Is there a strong management structure and succession plan?
- Do you have a realistic picture of the net after-tax sale proceeds to help determine the most advantageous way to structure the sale for tax purposes?
- Are there activities you and your team can accomplish in the near term to maximize the value of your business before sale?
- Do you have a good understanding of how your company is currently valued within your industry?
- Do you have a comprehensive risk management assessment for the business?
- If it’s a family business, have you come to an understanding with the next generation on roles and responsibilities?