Articles Tagged with ''exit planning''

A business owner cannot replace themselves (succession) until they can clearly envision their financial future (exit plan).

It’s no surprise that in today’s society civil litigation has become an ever-increasing threat to business owners and affluent individuals.

Kevin Kennedy and Joe Bazzano's first book, The Contractor's 60 Minute Exit Plan, is a 82-page book offers a guide for roofing contractors to navigate the scary and sometimes treacherous process of exiting their business when the time is right.

Most owners, whether their business is worth $2 million or $30 million, continue to be stuck in their business until they can clearly see the path to replace their income and maintain their lifestyles.

Family business consultants and research estimates that 30 percent of businesses make it to a second generation, and only 12 percent to a third.

Most company owners have never exited a business and are unaware that the odds are against them.

This article will review some of the tax reform bill’s provisions as they relate to business owners in the roofing industry, and provide some guidance on changes that may be appropriate for the exiting owner.

Leaving any business that you've spent a career building can be a challenge.

To be perfectly fair to their partners, planning for the exit is complicated, especially when the owner is preoccupied with the day-to-day business.

Following the sudden death of her husband, Dave Spencer, Laurie made the decision to leave behind a successful career as a salon owner, and take over Dave's roofing business.