Divestopedia Explains Exit PlanningWhen leaving a company, exit planning allows for peace of mind that everything is already taken care of. Poor exit planning can affect the success of the firm and the individual, both during and post-exit.
If an exit plan is well thought out and implemented, then it will enable the exiting party to:
- Reduce or delay the total taxes payable;
- Maximize the valuation and cash proceeds received at closing;
- Allow for smooth operational and management transitions; and
- Control the timing and terms of their exit.
- Podcast: 3 Things Any Owner Can Do Now to Prepare for an Exit
- Podcast: Why Don't Business Owners Embrace Exit Planning?
- Podcast: Creating a Positive Distance Between Yourself and Your Business, an Interview with Tom Heller
- Podcast: Growth and Exit Planning Are Two Sides of the Same Coin, an Interview with Ryan Tansom
- Does It Have to Be 'Shirtsleeves-to-Shirtsleeves?'
- To Sell Your Business, Start With the End in Mind