Exit Planning

RSS

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.

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.

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.

Each of my customers has a story that everyone can learn from.

A benchmark company will have a written strategic succession plan.

I'll share the story of my first business exit and what I've learned through my education, certification and evolution in the business of exit planning.

The entire process of exit planning can get bogged down with the technical jargon of accounting, law, tax codes, estate planning, insurance and financial planning.

Last November marked the end of one of the most contentious presidential elections in quite some time.

After long hours and substantial risk-taking, the business owner has created an asset that, if transferred efficiently, could provide financial security for themselves and their families.

A buy/sell agreement is a document drafted between two or more business owners.