Exit Planning Services
Are you a business owner thinking about getting out of your business- in the near or not-so-near future? Have you figured out how to leave your business in style at that point, whenever it may be? Leaving in style means leaving your business to the successor you choose, for the price you want and at the time you pick. An Exit Plan helps make all of that possible.
Over the years, our team members have assisted many clients with business exit planning, including transfers to family members, sales to key employees, sales to third party buyers (ranging from individuals to a Fortune 100 company) and internal sales to Employee Stock Ownership Plans.
It's important to bear this concept in mind: Ultimately, for the value of your business to truly be a realizable asset for you, you need to constantly be working on it with a view to selling it sometime in the future. Whether you sell it or not is irrelevant- keeping that frame of mind means that at least you will always be in a position to sell it and realize it's true value, if you should ever want to or need to.
That focus gives you a greater awareness of the need to systemize your business and make it less dependent on you.
People want to buy businesses that work, not businesses that are run by people who work and work and work … Exit planning is an ongoing process and is just as much about working ON your business as on planning for the future. (Ask us about the concept of working 'ON' your business rather than 'IN' it and just what that could mean to you!)
Buying and Selling a Business
Structuring the purchase or sale of a business properly is a critical step in the process of buying or selling a business. Our staff has experience to guide you through the acquisition or disposition process by addressing such issues as cash flow analysis and tax considerations in how a purchase or sale is structured.
Over the years, we've assisted clients ranging in size from sole proprietorships to corporations with revenues in excess of $100 million in purchase and sale of business transactions. Where engaged, we've diligently worked for our clients throughout the process to help achieve the best possible outcome in both sale and purchase transactions.
If you're thinking of buying or selling a business, call us first. We're happy to help you through this complicated maze, and to connect you with other legal and professional advisors with extensive experience in business sale, purchase and merger transactions.