Vital not only to their future, but to that of their company, an exit plan is a business owner’s best defense against the unexpected. Yet, some otherwise savvy entrepreneurs will delay the process due to fear of confli[...]

Legacy planning begins, of course, with an analysis of the assets one anticipates owning at the time of death. This can sometimes be an inexact process. For the business owner, it is important to consider the business as[...]

The first five steps in the Exit Planning Process published in the December-April issues of this exit plannings publication have all been geared, more or less, toward the sale or transfer of your business to others. In s[...]

Following the 7-step Exit Planning Process, you will have determined what your post-exit goals and needs are. You will have determined the value of your business and you will have taken such steps as are appropriate to [...]

In last month’s article we discussed the importance of properly valuing your business. Now we proceed to step 3 of the 7-Step Exit Planning process, which is enhancing the value of your business. In Step 2 you we[...]

In my previous article, (December, 2009) you learned that Step One of the Seven-Step Exit Planning Process is to determine your destination. That is, when do you want to exit your business and how much will you need to r[...]

Step one in the exit planning process is to determine the objectives of the owner wishing to exit from his or her business. How does one identify those objectives? There are certain universal objectives that need to be d[...]

You have realized that, at some point, you will exit from your current practice. Exiting one’s business is inevitable. Once you understand that the time will come when you will no longer be the owner of your own inde[...]

This article does not claim to touch on all of the ways taxes can be reduced. Its purpose, rather, is to introduce tax saving concepts so that the financial advisor can work knowledgeably with their clients and their oth[...]

In our September 2009 article, we discussed the mechanics of a successful departure. Since then, we have discussed several individual legal, regulatory and business challenges affecting transition planning. In this artic[...]