Exit/Succession Planning
Helping owners maximize the value of their business and prepare for the future
Many business owners – including owners of a family business – are often underprepared to exit their business and move on to the next chapter of life. It’s common to have unrealistic expectations of the worth of a business. In unfortunate situations, owners start the exit or succession planning process too late to maximize benefits they could have received using a timely, well-crafted strategy and plan.
Exit and succession planning looks different for all business owners. Knowing your options early helps you plan and make the best decisions for your business situation. Transitioning a business to new ownership requires a plan for maximizing the value of the business and minimizing adverse tax consequences. In addition, a sound exit or succession plan includes activities to develop new managers and prepare you for post-sale life, whether that path leads to retirement or a new business venture.
It’s also important to know the differences between exit planning and succession planning:
Exit Planning
| Succession Planning
|
Solutions
Business owners can often use some additional assistance when it comes to exit and succession planning. Solution examples include:
- Business and strategic planning, including transfer options and strategies
- Business valuations
- Buy-Sell agreements
- Consulting and counseling on “next chapter of life” strategies, objectives, and goals
- Estate and tax planning
- Financing arrangements
- Finding sources of capital necessary for a successful business transfer, including M&A advisory and investment banking assistance
- Negotiation assistance
- Value enhancement analysis for capturing maximum enterprise
For a discussion of your exit or succession planning situation or needs, please contact Ryan Scheck, Senior Manager, for a complimentary consultation using the fillable “Contact Us” form on this page.
Industries
Adams Brown provides exit and succession planning services for families and business owners in the following industries:
Exit/Succession Planning Team Leader:
Ryan Scheck
Contact Us:
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