Our 7 Step Exit Planning
When we work with business owners to help them successfully exit their businesses,
we follow a systematic approach to ensure that we are able to maximize what they
take from their businesses, while minimizing the tax consequences.
When we work with business owners to help them successfully exit their businesses,
we follow a systematic approach to ensure that we are able to maximize what they
take from their businesses, while minimizing the tax consequences.
- Identify Goals & Objectives
- Desired departure date
- Value the owner wants from the business
- Individuals to whom the owner wants to transfer the business
- Additional objectives (taking care of employees, etc.)
- Valuation of the Business
- It is important for the business owner to understand that the "value"
of the business may not equal the amount of cash they take from it.
- Preserve and Promote Business Value
- Preserve business value from IRS and creditors
- Promote value drivers
- Ownership Transfer to Third Parties
- If business is being sold or transferred to outsiders
- Ownership Transfer to Insiders
- If business is being transferred to children, key employees or co-
owners
- Ensure Owners and Families Benefit
- In case circumstances change
- Ensure Personal Financial Goals are Achieved
- Legitimately protect wealth from the IRS
 |
 |
 |
 |
 |
 |
James Rice & Associates LLC
A Business Consultancy
A Business Consultancy