Can you answer "yes" to these 10 questions?
Answer the questions below. When done, count the number of times you have answered "yes".
1.Have you decided when you want to leave your business?
2.Do you know how long it takes to transition a business?
3.Have you determined what amount of cash you will need to exit?
4.Do you know how much your business is worth today?
5.Do you know the key value drivers and how they impact the value
of your business?
6.Do you know to whom you want to transfer your business?
7.Do you know the best way to sell your business to a third party
buyer, while maximizing your price, minimizing your taxes and
limiting your liability?
8.Do you know how to transfer your business to family, employees
or co-shareholders, while securing your financial position and
limiting your tax exposure?
9.Do you have a continuity plan for your business if something
unexpected happens to you?
10. Have you taken care of the security of your loved ones, if you pass
away or become incapacitated?
How did you do? With proper exit planning you will be able to answer "yes" to all 10 of these questions. To get started with your exit plan contact us today for a complimentary no-obligation consultation.
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