Gordon Asset Management :: Exit Planning

Exit Planning

Building or running a business is no easy task. In fact, most entrepreneurs would fail if they were an employee working for someone else. At some point you may wake up, look in the mirror, and wonder how you are going to leave your business in style.

For most business owners, the biggest challenge is converting that illiquid currency called privately owned stock into a liquid income stream at retirement. To do so requires careful planning on managing taxes and also managing creditor risk. Many times, the struggle and challenge is to figure out who is the best succession candidate, either your own family members, key employees who have helped you build the business, or a sale to a third party.

Exit Planning involves answering "Yes" to seven questions:

1. Do you know your exact retirement goals and what it will take in cash to reach them?

2. Do you know how much your business is worth today, in cash?

3. Do you know the best way to maximize the income stream generated by your ownership interest?

4. Do you know how to sell your business to a third party and pay the least possible taxes?

5. Do you know how to transfer your business to family members, co-owners, or employees while paying the least possible taxes and enjoying maximum financial security?

6. Do you have a continuity plan for your business if the unexpected happens to you?

7. Do you have a plan to secure financial independence for your family if the unexpected happens to you?

Exit planning involves more than simply valuing your business and selling it in the open market. Many private business owners want to transition the business either to family members or to insiders who have been loyal and have invested substantial sweat equity into the business.

Exit Planning is the process of intelligently leaving your company in position to prosper without you... but without sacrificing yourself financially in the process. Gordon Asset Management is the team that can help you focus on the strengths of your company, identify the weaknesses and examine all of the opportunities and obstacles along the way to craft the right succession plan for you.

Our Exit Planning Experience

As a Member of BEI's Network Of Exit Planning Advisors™, we have access to its publications as well as to on-going training and information about a variety of cutting edge Exit Planning techniques. We belong to a nationwide network of professionals in other disciplines experienced in the Exit Planning process.

Exit Planning helps business owners set, sort through, and achieve their exit objectives. It enables owners to leave their companies when they want, to the successors they want, and with the amount of cash they need.

Without exception, every owner leaves his or her company. Whether you do it in style depends on the specific exit planning actions you take before you leave.

If you see ownership change in your future, we can help you plan a successful business exit. We can help you answer all your questions and help you through the process.

Contact us today to begin your exit planning strategy.