The
"exit" for most business owners is the largest financial event of their
lives, and most principals use specialists for exit and tax advice. I
get it. During my exit, we went to our trusted accountant and attorney.
Later,
I realized that decision was costly to my team and me; we paid millions
of dollars in unnecessary taxes, money we could have saved if I knew then what I know now.
Let’s use the internal Management Buyout, or MBO, as an example since
it is the most prevalent exit strategy in the roofing contracting
industry.