Business Exit Planning

The single most important critical decision a business owner must make is transitioning out of his or her business.  There are few universal truths in the life of a business owner. The most important truth is that you will leave your business.

We at Wealth Conservation Group have consulted with business owners for more than thirty years. Through decades of experience, we’ve learned that business owners – while successful at building a business – lacked skills exiting that same business under the most favorable conditions.

Traditional business administration deals with day to day operations, production, service schedules, marketing strategies, projections, organizational plans, etc.  Exit planning, however, requires an advisor.

We at Wealth Conservation Group provide a written, comprehensive roadmap guiding the entire process rather than only providing a portion of the support required.  This process includes Four Major Areas:

1.) Planning for yourself as owner

2.) Creating and preserving business value

3.) Transferring ownership and control successfully

4.) Making sure personal and family needs are met

Every successful exit plan requires an experienced team of advisors, for example, attorneys specializing in business, estate, structuring, or negotiations. It is unlikely one advisor will possess all the essential disciplines. We at Wealth Conservation Group specialize in keeping the exit planning process on course through guidance, support, and resources.

To determine if you’re prepared to leave your business, ask yourself these compelling questions:

1.) Do you know your Exit Planning objectives?

2.) Do you have a planned departure date?

3.) What income is required to maintain your current lifestyle?

4.) Who will you leave your business to?

5.) Do you know what your business is worth?

6.) Do you know how to increase the value of your ownership interest through enhancing the most valuable asset of the company…the employees?

7.) Do you know the best way to sell your business to a third party to maximize your cash, minimize your tax liability, and reduce your risk?

8.) Do you know how to transfer your business to family members, co-owners, or employees while paying the least amount of tax and enjoying maximum financial security?

9.) Have you implemented all the necessary steps to insure your business continues if you do not?

10.) Have you provided for your family’s security and continuity if you pass or become incapacitated?

If you don't have answers, please contact our office.

Market Watch

March 25, 2019 @ 11:23 AM

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 25,579.95 +0.30%
Dow Jones Transportation 10,119.97 +0.67%
Dow Jones Utilities 782.54 -0.22%
Nasdaq Composite ETF -0.0%  
Nasdaq 100 ETF +0.0%  
S&P 500 ETF +0.1%  
S&P 100 ETF +0.2%  
S&P Mid-Cap 400 ETF +0.2%  
PHLX Semiconductor Index ETF -0.5%  
OSX Oil Service Sector Index ETF -0.4%  

[ Markets | Charts | Quotes | Portfolio ]

Market data delayed per exchange rules.
All quotes are in US Eastern Time (EST).
Market data provided by ICE Data Services. ICE Limitations. Powered and implemented by FactSet. Legal Statement.