Exit Strategies

Jose O. Segura | August 26, 2022

Exit Strategies

You’ve worked hard to grow your business into the success it is today. But no matter how successful your company is, sooner or later you will exit it, whether through a sale or retirement. Planning for your departure now, even if it won’t take place for many years, can mean the difference between a successful exit, and one that has unexpected consequences.

Regardless of when you leave your business, it’s important to keep one thing in mind — planning the transition takes time, a strategy, and forward thinking that can help you avoid eye-opening surprises.

Aside from deciding when to sell your business, there may be some questions and issues you’ll face along the way, both before, during, and after the sale:

Before the sale:

How can you find ways to continue to build and optimize the value of your business?
How can you determine how much your business is worth?
How can you learn whether the proceeds from your sale may provide you with enough money for retirement?

During and after the sale:

How can you identify the best type of buyer who has the necessary resources?
How will you be able to maintain your lifestyle and become financially confident without business income?
What can you do to help minimize estate and/or income taxes?

I can help you face all of these issues, and more. Planning to transition your business is not a “one size fits all” approach. Every business is unique and it’s important for you to explore a range of possible outcomes. The earlier you get started, the better your chances are of creating the best possible outcome. I can help you consider various exit strategies that may be right for you, based on your situation, and help you devise a strategy to not only be financially ready for your exit, but to save income and/or estate taxes once your sale has taken place.

Whether you’re ready to exit your business today or 10 years from now, please take my call to discuss this important concept. I’ll contact you soon, so we can start developing your customized strategy. My goal is to help you worry less about the future, so you can focus more on running your successful business today.

Guardian, its subsidiaries, agents and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.