Exit Planning Services

Exit Planning Services

The Exit Planning Institute describes exit planning as a holistic process that simultaneously considers:

The business owner’s personal objectives for life after selling his or her business (the “Retirement Lifestyle”)

The wealth the business owner will need to support the desired Retirement Lifestyle

The wealth the business owner has, including the value of the business which will be sold to fund the business owner’s retirement lifestyle (the owner’s “Wealth Gap”)

The difference between the value of the business today and the value at which it needs to be sold in order to close the Wealth Gap (the business’ “Value Gap”)

The Exit Planning Institute confers the Certified Exit Planning Advisor (“CEPA”) credential on individuals who successfully complete its exit planning course. People who have earned the CEPA credential tend to have specialties as personal or business advisors including:

Wealth management advisors

CPA’s, Enrolled Agents (“EAs”) and other accounting and tax professionals

Tax and Merger and Acquisition attorneys

Business valuation professionals

Business coaches

Marketing professionals

Business brokers

Family counselors

Not all of these specialists are needed for development and execution of a business exit plan but engagement of key exit planning advisors can significantly improve the outcome of a business owner’s exit from a business

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For more information about developing a formal business transition plan, please contact us at the link below.