Protect Against the Pain of Exiting Your Business

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You know how things work in terms of starting and running a successful business. You’ve hired the right people, offered a useful product or service, and developed high-quality relationships with your customers and vendors. None of these things magically appeared out of thin air: You most likely followed a proven process, mixed in with your own creative problem solving, to …

Which Comes First? Estate Planning or Exit Planning?

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A successful business Exit Plan achieves three important owner goals: Financial Security: The business sale or transfer provides the amount of income the owner and owner’s family need after the owner’s exit. The Right Person: The owner chooses his or her successor (children, key employees, co-owners, or a third party). Income Tax Minimization: The owner minimizes the amount of cash the government takes …