• Should I Consider an ESOP?

    Posted by: Tawnya

    There are various strategies business owners can employ to exit from their businesses or to simply provide liquidity for the owners when they want to remain in control of their companies. If you are a business owner, an employee stock ownership plan (ESOP) may be a useful tool to achieve your objectives.

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  • How Do I Choose the Right Internal Successor?

    Posted by: Tawnya

    There are many factors that will impact the success or lack of success of an internal successor. Whether your objective is to transfer or sell your business to your child or children, or to a key employee or key employee group, there are several questions you need to seriously consider.

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  • Why Use an Advisory Team?

    Posted by: Tawnya

    Planning to exit your business is a multi-disciplinary endeavor. Protecting assets, growing value, transferring a business to children (or co-owners or employees), selling a business to a third party, and assuring business continuity are tasks that exceed the expertise of any one advisor. Assembling and consulting with your Advisory Team facilitates the exchange of information and ideas and can reduce your costs by increasing the efficiency of each advisor. Instead of advisors proceeding in a disjointed manner, often repeating the work of others, you and your lead Exit Planning advisor coordinate the efforts of all advisors.

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  • Four Ways to Exit Your Business

    Posted by: Tawnya

    There are multiple ways a business owner can voluntarily exit from his/her business. If you are contemplating an exit from your business in the next three to ten years, there are a number of options that may be available to you. You may choose to sell or transfer the business to company insiders. You may opt to sell or transfer the business to a third-party. You may elect to retain ownership and become a passive owner. You may simply liquidate the company and walk away.

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  • How Can I Back Away from My Business without Exiting?

    Posted by: Tawnya

    There are three things that must be achieved to allow the business owner to successfully back away from the business and work as much or as little as s/he wants without adverse effects to the company or the owner.

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