It is the project that I work on with business owners with the goal of planning and executing all the possibilities for exiting their business. From the beginning, you will know, as the owner, every possible alternative for getting out or transitioning, maximizing the value of your company, minimizing tax costs and ensuring your personal and financial future. The process ensures that the business reaches its highest possible worth, making you feel free the moment you, as the owner, choose to make that transition; you, as the owner, decide when to do it.
And if you change your mind and decide not to leave or transition, we will still increase the value of your company.
Some of the owner’s objectives on which the Exit Plan will be based
- Be able to leave or transition the business according to your wish:
how much longer do you want to be active in your company?
- Create financial security for you and your family.
Think about the flow of money after paying taxes.
- Is it possible, under the current market, to close a deal in (full) cash or in installments? Who should get the business?
- Who do you want to transfer your company to? A son? Family members? A key employee? A partner? Or maybe a third (external) party who will surely pay a better price?
When does Exit Planning start?
An Exit Plan begins when the owner of a company starts considering exiting his role in the business. This can happen as a response to a particular moment in their life or the wish to leave the business and start another that involves new challenges; or simply to start a new cycle in their life that might be better than the previous one.
These scenarios involve lots of questions and uncertainty. The role of the Exit Planning Advisor is to follow and supervise the process from a multidisciplinary approach, closely and confidentially, gathering and coordinating the best team of specialists in areas as diverse as accounting, legal, tax, technology, family experts and/or disciplines that are necessary according to the profile of the company, the family group or the owner.