Exit planning
Business Exit Planning
“The time of your exit is often the wrong time to sell.”
Think about the risks you take
Plan and protect
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“If you died tomorrow, would your business die with you?”
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“Would you be happy to allow your family to inherit your business debts?”
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“Is your spouse capable of replacing you, if he or she inherited your share of a co-owned business? Would they want to be placed in that position?”
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“What would happen to your business if you suffered a heart attack and it took you six months to recover and go back to work?”
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“When you are ready to retire, will your business partner or co-owner have the cash available to buy your share of the business?”
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“In any sale or equity transfer scenario, how do you ensure that you receive full market value for your equity?”
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“If you are a licensed professional or trades person, how do fulfil your dream of passing your family business on to your children if none of them are suitably qualified or interested in following in your footsteps?”
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“Your business may well be your superannuation, but what if your business falls over for any reason, and you are too old to start again, what is your ‘plan B’ for retirement savings?”
Why plan your exit?
Seven (7) great reasons to plan your business exit are:
To
- Protect the most valuable asset you own
- Leave on your own terms
- Succession to the next generation
- Make your business sale-ready
- Attract the buyer you want
- Get the arrangement and price you want
- Secure your retirement
For specialist financial advice and business planning …
