Exiting your business may be the biggest financial event of your life. For many the timing is not of their own choosing, so it pays to have a plan to maximise the value of your business and start now!
What is an Exit Plan?
An exit plan is a road map to successfully exit a business. An exit plan asks and answers all the business, personal, financial, legal, and tax questions involved in selling a business. Its purpose is to maximize the value of the business at the time of exit, minimize the amount of taxes paid, and ensure that the business owner is able to accomplish all his or her personal and financial goals in the process. An exit plan can be complex and usually requires advice from a number of different specialties and make take a couple of years or more to properly implement.