Exit Planning for Business Owners

Are you a business owner who's ever wondered about the best way to exit your venture when the time comes? You're not alone. Exit planning is a critical yet often overlooked aspect of entrepreneurship. Today we’ll try to help unravel the com-plexities of exit planning and discuss the different options most people consider when it comes time to sell the business.
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Show Notes For This Episode

 

Are you a business owner who’s ever wondered about the best way to exit your venture when the time comes? You’re not alone. Exit planning is a critical yet often overlooked aspect of entrepreneurship. Today we’ll try to help unravel the complexities of exit planning and discuss the different options most people consider when it comes time to sell the business.

Whether you’re considering a sale to a third party, transitioning to family members, or selling to key employees, this episode is a goldmine of information, packed with valuable insights on maximizing your business’s value and ensuring a smooth transition. It’s a roadmap for business owners at any stage, offering insights into wealth management, estate planning, and proactive tax planning. It’s a holistic view of how to safeguard your financial future and the legacy of your business.

 

Here’s some of what we discuss in this episode:

  • Why exit planning is so difficult for business owners.
  • Selling to a third party and what that process consists of.
  • Why selling to a strategic buyer could be your best option.
  • What you should consider if you want to sell to a family member or employee?
  • Other creative options we discuss with clients.

 

Source for the data in today’s episode: https://caffeinecashflow.com/wp-content/uploads/2024/05/The-Why-and-How-of-Exit-Planning-with-polling-questions.pptx

 

Michael is a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.

Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.

 

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Check the background of your financial professional on FINRA’s BrokerCheck. Copyright 2023 Caffeine & Cash Flow Podcast. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Michael Schulte is an investment advisor representative and certified exit planner with WestPac Wealth Partners, located at 330 South Center Street, Suite 344, Casper, Wyoming 82601. The podcast is for informational purposes only. Individual risks and investment objectives must be reviewed prior to making any recommendations. Podcasts are for informational purposes only. Any guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or WestPac Wealth Partners and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. Michael is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 5 Centerpointe Dr Suite 150, Lake Oswego, OR 97035, 503-207-4550. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. WestPac Wealth Partners is not an affiliate or subsidiary of PAS or Guardian. 2023-149380 Exp. 1/25. Terms of use. Online Privacy Policy. Important Disclosures.