All business owners need to have an exit plan, yet most do not plan well for it. An exit plan helps the business owner understand what they need to plan for and how to get there. During this process the transition that meets the needs of the owners is implemented.
Is the plan to build a business that will sustain itself without being dependent on any one person? Is the plan to build a business that you will keep forever? Is the plan to sell it at some point and if so when and to whom?
There are all questions that need to be answered before the owner is ready to retire or is no longer able to work.
Services available with Ed Lloyd & Associates, PLLC Exit Planning System:
- Succession Planning – This is a part of the exit planning system and focuses on the business
- Exit Planning – Focuses on the needs of the owners that are exiting
- Mergers and Acquisitions
- Estate Planning