Owning a business is more than just a job. It is often the place you have decided to invest most of your time and a substantial part of your wealth. It represents both income and capital value for you and for those you care about most. But, it's a unique investment that needs to be safeguarded.
Some of the important questions we ask:
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How can your business be used to help provide financial security for you and your family?
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Who will take over your business in the event of your death, disability, retirement or decision to divest?
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How can you protect the investment in your business?
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How can you attract and retain quality and key employees?
Liquidations and forced sales usually don't protect your investment very well, so planning for the disposition of your business may be the most important and urgent of your business planning needs.
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Have you built the leadership in your company to pass to the next owners?
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Do you know the true market value of your business?
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Do you focus on building long term value during your annual business planning?
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Would your business be able to continue if a partner should pass away or become totally disabled?
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Are there funds available to buy the stock back from the deceased partner's heirs or disabled owner?
Building a Plan for
the Future
At some point you will leave your business and you want to make sure you exit on your terms. However, you may not know how or when to begin the process. Developing an exit plan may be the single most important component of your retirement and estate plan. Without an effective business exit plan, you may not get full value upon sale, the next generation may not be prepared to take over, or your death or long-term disability could mean the end of the business you worked so hard to build.
At some point you will leave your business and you want to make sure you exit on your terms. However, you may not know how or when to begin the process. Developing an exit plan may be the single most important component of your retirement and estate plan. Without an effective business exit plan, you may not get full value upon sale, the next generation may not be prepared to take over, or your death or long-term disability could mean the end of the business you worked so hard to build.