Articles Tagged with ''exit planning''

An owner's exit from a business will probably be the largest financial event of their life.

Many baby boomer roofing contractors intuitively understand they need to plan for the exit but are consumed with the day-to-day grind and procrastinate.

The National Glass Association received the 2019 Gold Stevie Award for the Best Business Book at the 17th Annual American Business Awards for “An Owner's Guide to Exit & Succession Planning: A Complete Introduction with Case Studies from the Glass Industry.”

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.