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[...]

Untitled-1In Step 5 of the 7-Step Exit Planning Process you consider a transfer to insiders. This is often the most attractive route to exit and frequently the most complex. An insider, for purposes of this step, is def[...]

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[...]