How Will You Leave Your Business?
You put a lot of thought into starting a business, but have you thought about how you are going to get out? Too many business owners fail to plan for their exit and as a result, aren’t as successful in doing so.
Whether your successor will be your children, a key employee or an outside buyer, Exit Planning helps you maximize your financial return, avoid legal pitfalls and minimize your tax liability when you transfer your business. If you die or become disabled before you retire, Exit Planning will help the business survive your departure – enabling you and your family to receive its full value.
Creating and implementing an Exit Plan is one of the most important business and financial decisions you must make. Dugan & Lopatka, CPAs can help you through the process and coordinate your advisor team (accountants, attorneys, financial planners, insurance agents, etc.) to save you time and money.
The Exit Planning Process
- Setting Exit Objectives
- Determining Value/Price
- Preserving, Protecting and Promoting Value
- Converting Business Value to Cash – Sale to Outside Party
- Transferring the Business for a Promissory Note
- Contingency Planning for Business
- Wealth Preservation Planning
Everyone exits their business sometime. Whether you leave it on your terms takes planning. If you want a CPA firm that understands and can help you manage your exit, please contact us or give us a call at (630) 665-4440.
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