Exiting

Exit Strategy

You’re ready to merge, cash out, or pass the business on to the next generation.

Here are some steps to get you going.

1: Exiting Strategy Options

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  • Do you sell your business?

  • Do you consider a business merger?

  • Do you liquidate your business?

  • Do you rid yourself of responsibility by hiring a manager?

  • Do you divest or segment your business in preparation for sale?

  • Do you file for bankruptcy?

  • Do you close your business?

2: Naming Your Price

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  • What is your business worth?

  • Is there a valuation formula for your business?

  • How much "good will" do you have?

  • What are the legal and tax considerations of selling your business?

3: Selling Your Business

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  • Are there buy/sell agreements in place?

  • How does your exit strategy affect your personal estate plan?

  • What are the legal and tax considerations of selling your business?

4: Professional Advisors

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  • Who will you consult for the best strategy to sell or close the business?

  • What kinds of advice will I need?

5: Transitioning Your Business

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  • How does your business plan support your business transition?