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Eventually,
every business owner will exit ownership and move
on to the next stage in his/her life. Whether that
next stage is retirement or owning another business,
strategically planning for the exit will help to maximize
net proceeds, minimize taxes at the time of sale and
beyond, and provide a smoother and more secure transition.
For most business owners, the value of their company
is the largest asset in their estate. Yet few owners
are strategic in planning for their exit. The tendency
is to focus on building the business year after year
until eventually some event or situation prompts the
decision to sell. At that point, there is little that
can be done to influence value or minimize taxes.
The alternative is to proactively plan for the exit
of ownership. Whether the time horizon is two years
or twenty, exit strategy planning can have a significant
impact on the afterlife of ownership.
Exit Planning Advisory Services
The Charter Group’s Exit Planning Advisory Services
offer a comprehensive solution that delivers substantive
results. Our professional advisors will guide the
business owner through a step-by-step process in collaboration
with the owner’s other advisors.
The principal elements of the Exit Strategy Plan are:
•
Setting Personal, Family and Business Goals
• Assembling
a Team of Advisors
• Obtaining
a Business Valuation
• Beginning
Holistic Financial Planning (Personal & Business)
• Creating
an Estate Plan
• Developing
Strategies to Maximize Business Value and Minimize
Taxes
The Charter Group customizes
each Exit Planning project to fit the needs and circumstances
of the business owner. The process results in a defined
set of documentation, analysis, recommendations and
action plans that, together, provide an effective
strategy.
Call The Charter Group at
616-235-3555 or fill out our contact form to arrange for a no-obligation consultation
regarding your exit strategy.
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