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Exit Planning
is a relatively new discipline that requires a specific understanding
of some of the issues, and a general understanding of many of
the issues, that surround this field of study. We hold the professional
credential of Certified Exit Planning Advisor (CEPA) as a testament
to our commitment to remain on the cutting edge of this new discipline.
We find assisting owners with the successful
exit or transition from their business to be a very personally
satisfying service. We define a successful exit as one that aligns
the business, financial and personal goals of the owner that can
be summarized by the accomplishment of 3 main goals and objectives:
1. Maximize the value of the business on
exit
2. Minimize Estate and Capital Gains Taxes
3. Maximize the owner’s post exit satisfaction, ready and
willing to meet life’s next challenge, financially secure
and personally content.
There are over 30 different options available
for an owner to Exit or Transition out of their business. A CEPA
will ensure that all options are considered and help guide the
owner to the solution that most closely meets their goals and
objectives. The chart below summarizes the potential exit or transition
options an owner may pursue:
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