What is Exit Planning? - Start Today or You'll Be Sorry
- A business planning tool
- Determining when, where and how you will leave the business
- A step by step plan to sell or transfer the business
- A tool to maximize the value of the business
- An essential and important component to your Estate Plan
- A Collaborative Effort by You and Your Advisors
Overview
The Business Owner Success System (BOSS)
BOSS 1 - Building A Company That You Can Sell
BOSS 2 - Building and Protecting the Company's Value
BOSS 3 - Preparing for The Transaction
BOSS 4 - Transaction Execution
BOSS 5 - Wealth Preservation and Transformation
BOSS 1 - Building A Business That You Can Sell
BOSS 2 - Building Company Value
- What's My Company Worth?
- Elements That Determine Value
- The Past
- "Recast" Financial Statements
- Tax Returns
- Business History
- The Present
- Current "Recast" Financial Statements
- The Future
- "Recast" Pro forma Financial Statements
- Independent Research that Supports Forecasts
- A Business Plan that Supports Believability of Forecasts
- What is the buyer buying? A Documented, Believable Future
- Intangible Assets
- Value Detractors
- Value Enhancers
- Timing
- Opportunities to Increase Proceeds
- Average Payout: 60% cash; 40% debt
BOSS 3 - Transaction Preparation
- Personal Planning
- Positioning The Business
- Selecting Your Advisory Team
- Controlling Exposure to Income, Capital Gains and Estate Taxes
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