Exit Planning Strategies For Business Owners | Rea CPA
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Exit Planning

How Will You Exit Your Business?

Even though there’s no one “right answer,” with regard to the succession plan you choose, there are a number of good options when it comes time to transferring your business interest:

Since these options each present numerous, complex issues, it’s imperative that you carefully analyze and discuss each potential option before arriving at your destination.

Leave On Your Terms

The truth is, you can either take steps now to leave your business on your own terms or you can let some other unforeseeable event determine when it's time.

Don't leave your future up to chance. Take a look at the options above, then:

  • Understand the advantages and disadvantages associated with each option.
  • Estimate the net after-tax proceeds you stand to obtain from each.
  • Consider how your decision will impact the future of your family and your staff.
  • Think about how you hope to spend your time once you leave the business.
  • Have a dialogue with family members, key employees and advisors about your preferred exit strategy.

If you have plans to leave your business in the next five years or so, it's time to start considering your exit plan options. Email or call Paul Weisinger, CPA/ABV, CVA, CEPA at 216.573.9043 to learn more.