succession & Exit
Most businesses start with a plan and through many years of operation go through various planning phases alongside changes in the business. Planning the succession of your business is no different and deserves as much attention as when it began. Whether you are gearing up to sell the business, pass it down to the next generation or make the tough choice to close up shop, performing the necessary evaluation is key prior to the final decision. As time moves quickly, our team can develop the right strategy to align you and your business in the intended direction.
When it comes time to sell your business, a business broker will help you meet your tax, financial and exchange needs. However, the transition of the business is far more complicated. Many factors will change along the way and it is imperative that your succession plan stay up to date. The core to your exit strategy is your succession plan, that’s how you got here. Communication of key plan objectives during these final steps is essential to the future success of the business passed along.