Business, Business Exit Planning, Business Owner

A Key Employee Incentive Plan is Vital for a Successful Business Sale 

There are many critical areas that need to be addressed by the owner of a business when preparing their company for a successful sale to a third party. What defines a successful exit? Being able to exit their business for their desired amount or higher, being able to exit on their terms, and do so in the most tax-efficient manner.

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Business Exit Planning, Business Owner, Tax Planning

The Business Owner Will Exit Their Business, One Way or Another 

When discussing business exit planning, there are some interesting statistics: 100% of business owners will leave their businesses, whether planned or otherwise; 79% pf business owners plan to exit their businesses in the next 10 years or less; 80% of owners believe that a successful exit will result from planning and action items they implement. But here is the catch – only 17% of owners have created a written plan… and often it takes 3 to 5 years to develop one.

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Family Governance, Family Legacy, Retirement Planning

Utilizing a NING Trust as Part of a Business Exit Strategy 

The commonly stated goals of exit planning for a business owner is to exit their business on their terms, for the highest possible value (Or their desired value), in the most tax efficient manner. It takes time to implement the process to accommodate those objectives. When a business owner rushes to sell their business, many things can be overlooked including how to set up the exiting transaction in a way that minimizes taxation.

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