Succession Planning & Exit Strategies

Common Exit Strategies for Business

We will help you analyze the needs of your business, your goals and all the exit strategies available to you so that you can choose the strategy that best suits your business. There are a variety of commonly used exit strategies, some of which include:

• Transferring ownership of the business to a family member or other successor. One of the most common exit strategies is to pass ownership of the business to a pre-selected family member or successor. This is often a very smooth process, but it can be challenging to select and train the right successor.
• Employee or management buyout is another commonly used option for business succession. In this strategy, the employees or managers of the business will combine their funds to purchase the business from the current owner. This is a good option for a business owner that would prefer not to sell the business on the open market but instead sell it to someone they know and trust to uphold the integrity and brand of the company.
• An open market sale is a beneficial option for many small business owners. This straightforward process includes determining the value of the business, setting a sale price, and listing the business for sale.
• Another option is business liquidation. With this strategy, you sell the business without the intent to continue its operations. You effectively dissolve the business by selling all assets.

Leave the Planning To Us

The best exit strategy for your business will be dependent upon your personal preferences, your goals for your business, the current marketing and the opportunities available. Depending on these factors, one or more of the above options may not be viable.

To learn more about the services we offer and to determine how we can assist your business, contact our experienced business financial planners today.