Exit Planning: A Roadmap to Success

As a business owner, one of the most significant milestones you will encounter is the transition of your business, better known as 'The Exit.' This whitepaper will explore the importance of exit planning as outlined in THE EXIT Podcast, particularly in the episode featuring Brett Dearing. We will delve into the essential aspects of preparing for a successful business sale, the role of qualified advisors, and the impact of these preparations on the transaction value.

The Stakes of Negotiation

Brett Dearing emphasizes that business owners, despite their subject expertise, often leave significant value on the table when exiting their business. It is estimated that between 15% to 25% of business value can be lost due to poor negotiation strategies. The whitepaper will discuss strategic planning tools like the Certified Exit Planning Advisor (CEPA) program and why assembling a team comprising accountants, trust and estate attorneys, M&A attorneys, and investment bankers is crucial...

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Is The Sun Setting In 2021 On Current Tax Benefits For Business Exits?

Now that the election is over and President Elect Joe Biden has will be the 46th United States President, there are proposed tax changes that you as a business owner should be aware of. Many advisors are taking a wait and see view on what changes will actually be enacted but we think that you should do your homework and make sure you are prepared.

What are the key points you should know?

  1. If any or all of the proposed tax changes are enacted, they could take effect retroactive January 1st 2021. Now as one of my colleagues, who is a tax attorney shared with me, the last time a tax change that was enacted was retroactive to January 1st was 1993. 
  2. With stimulus soon to increase past $3 trillion and a Debt to GDP deficit of 136%, it is certain that there will be some kind of tax increase needed to pay down debt accumulated over the past 4 years. 
  3. These proposed tax changes can impact your ability to amass wealth and transfer it to your heirs.

What are the key impact of the...

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