What is the Process of Exit Planning?
The Seven Step Process
- Establishing Owner Objectives - know your exact retirement goals and what it will take in Cash.
- Establishing Business Value - know how much your business is worth today, in Cash.
- Building Value and Cash Flow - know the best way to maximize the income stream generated by your ownership interest.
- Selling to a Third Party for Top Dollar - know how to sell your business to a third party and pay the least possible taxes.
- Transferring to Management or Family Members - know how to transfer your business to family members, co-owners, or employees while paying the least possible taxes and enjoying maximum financial security.
- Developing a Contingency Plan for the Business know how to develop a continuity plan for your business if the unexpected happens to you
- Family Wealth Preservation Planning - know how to establish financial security if the unexpected happens to you.
