All business owners know that they
will one day exit their businesses and that it is imperative
that they plan an exit strategy that will enable them
to leave on their own terms. Despite this, only about
10% of owners of small and medium size businesses have
a written exit plan. The reasons for this are many but
the most commonly stated are the owner’s lack of
time and not knowing where to start.
Fortunately, members of the CBI team
have worked with many business owners to develop exit
plans  that
maximize the value of the business, minimize the taxes
paid on leaving and enable the owner to achieve his or
her personal, family, and financial goals.
In our comprehensive exit planning process,
an experienced CBI associate functions as the exit planner
and, keeping the “big picture” in mind, coordinates
the efforts of professional advisors who contribute parts
of the plan to ensure that the various parts, when combined,
form a coherent and workable plan that meets the owner’s
needs.
Working with you in the CBI process the
CBI exit planner will:
- Develop an understanding of your personal, family,
and financial need and goals
- Review the exit options available
- Determine the present value of the business
- Select the most advantageous exit option
- Determine which professional advisers (technical
specialists) are required
- Develop a contingency plan in case of illness,
disability or death
- Develop a wealth preservation strategy
- Coordinate the efforts of the technical specialists
- Assemble the written Plan
"Success in business is measured
not only by how well the business operates or by the benefits
it provides to you now but by the rewards it will bestow
when you leave."
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