Exit Planning for Business Owners
Planning an Exit Strategy for Your Business
Vishnick McGovern Milizio LLP’s Exit Planning for Business Owners
Group can provide you with the resources needed to accomplish an economically
feasible plan: one that works best for you and those who succeed you in
the business. There are many options available when creating an exit plan
and many considerations that are unique to each business owner. The key
is to prepare a well-thought-out plan utilizing advisors who can guide
you through the necessary steps.
Our proficiency in this area encompasses:
- A deep understanding of business operations and what issues to consider
- Business and Transactional Law counsel
- Skilled negotiations
- All aspects of estate planning
Business owners are often too busy to plan for the future of their companies
when the time comes to retire, or should a disability or death mean the
leadership role must be assumed by someone else. Rather than looking at
the comfort and security of their families in the future, they focus on
today. Vishnick McGovern Milizio LLP’s Exit Planning for Business
Owners Group is dedicated to working collaboratively with its clients
to create an exit plan NOW…rather than when it’s a “too
late” afterthought. By incorporating the plan into current operations,
the future becomes as critical to a business’s success as the day-to-day
operations are to its ongoing viability.
Exit Planning for Business Owners is not a one size fits all process. Should
you sell? Is there a family member ready to take over? Are there family
and/or partner issues that will have an impact on the decisions to be made?
Among the pertinent points to be considered:
- The business owner’s needs and objectives
- Building value
- Transfers to third parties or insiders
- How a sale will be financed
- Maintaining the business owner or his/her heirs’ lifestyle once the
exit plan is implemented.
Exit Planning can never be viewed casually or put off until tomorrow. The
time to make key decisions – ones that provide security and peace
of mind to owners, family members and employees – is “yesterday,”
as the expression goes. We are at the ready to make your exit plan a reality
and to assist you in each step of its implementation.