Phone: 317-574-4280
Lifecycle

Creating Successful Transitions

How often do you exit a business? Most owners only exit a business once in their life. It’s a new experience with a series of decisions that can alter the outcome.

PSW Helps:

  • Lay Out the Plan to Begin the Process
  • Decide an Exit Date
  • Acquire Independent, Objective Professionals to Help
  • Maximize the Sale Value
  • Plan the Post-Sale Tax Impact

What is Your Best Strategy?

To close the business, merge it or sell it to an external buyer, family member, employee or existing co-owner or partner? Let us help you assess your options.

Time is a Valuable Tool in Exit Planning

In general, the shorter the planning timeframe is, the less profitable the sale may become. Time enables you to refine operations to maximize value; ensures key-men and non-competes are in place; allows owners to remove themselves as much as possible from the day-to-day operations, and provides time to let a tax strategy unfold, especially if gifting is involved.

How to Begin the Process…

  • Establish a Timeline; this could be 6 months or 15 years
  • Take Steps to Enhance Value; make the business physically and financially attractive to buyers
  • Separate Yourself from the Business; the business is now an asset for sale
  • Depersonalize Decisions; remove the emotional connection
  • Create a Tax Plan; develop a retirement strategy, address estate needs, plan for trusts, life insurance and health care
  • Prepare for Post-Exit; establish an investment strategy for the proceeds