Planning Your Wealth Transfer Options
An important step in your preparation is to know your readiness – both mental and financial. Planning early will serve to clarify your goals and strengthen your position. We can help you quickly gauge your mental and financial readiness with a confidential review of your business and personal assets.
Which Owner Type Are You?
Our process simplifies your decision-making by helping you understand the range of options, key concepts, and structures available to design a plan that can achieve your goals. You have two primary options to transfer your business: internal and external. Within these two primary options are five strategies that can be used to transfer. Your method of transfer will be a function of your goals. Purely financial goals likely dictate different transfer methods than would a desire to leave a legacy to family or key employees. The transfer method
Which Exit Option Types Are Right For You?
Exit Options and the Range of Values
The table below illustrates how different transfer options generally represent different levels of values. It’s important to note that the synergy
I hate to use clichés but when they help clients to understand key concepts that can get lost in technical details – I’ll use em! No pain, no gain; no guts, no glory – are ways to describe the risk vs. return decision. Investors have choices in how to invest across a...read more
Most small business owners contemplate the future of his or her business. Because “the business” usually the wealth generator and a large portion of net worth, many estate planning issues can affect the company’s future stability. A business succession plan is...read more
A Buy-Sell agreement (BSA) serves several key purposes for business owners. A well-articulated BSA creates a ready market and liquidity to a selling owner, and should establish price, terms, and financing for the transfer. In short it spells out a process so that all...read more