Exit and Succession Planning
Exit planning is based on one simple premise: at some point, every owner leaves his or her business. At that time, every owner wants to receive the maximum amount of money in order to accomplish personal, financial, income, and estate planning goals.
Our Experience
At some point, every owner leaves his or her business. The question is whether the owner will leave in a way that protects the owner, his or her family, and the business. Exit Planning is a process designed to allow the business owner identify and achieve his or her financial, personal and estate planning goals. Exit Planning incorporates all of the separate practice areas at Minor & Brown.
But what exactly is an "Exit Plan"? And just how is one created? An Exit Plan is a written roadmap outlining the results of the Exit Planning process. Every owner should address all parts of the 4-step process, even though they might concentrate on one part more than another. Minor & Brown works with the owner's other advisors to develop this Exit Plan. This team approach allows the owner to capitalize on the specific areas of expertise of each advisor in developing the Exit Plan, and to have a comprehensive and coordinated plan.
The Exit Planning 4-Step Process
Step One: Getting Prepared
Step Two: Building & Preserving Business Value
Step Three: Converting Business Value to Cash
Step Four: Planning for the Unforeseen
For more information, see our White Papers section.
Practicing Attorneys
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