Business Solutions, LLC

Here are eight ways for a business owner to leave their companies. Number one: transfer the company to a family member. Number two: sell the business to one or more key employees. Number three: sell to key employees using the employee stock ownership plan, or ESOP. Number four: sell the business to one or more co-owners. Number five: sell to an outside third party. Number six: engage in an initial public offering. Number seven: retain ownership but become a passive owner. And... number eight: liquidate. Given the right circumstances, one of these paths may be appropriate for you. The process of determining exactly which path is best presents an obstacle to many owners. However, if you wish to leave your business in style we suggest that you work through our three step path selection process. For more information call the number on the screen or visit us at businessexitnow.com. See more

The business exit process begins and ends with the owners principal exit objectives: Number one: the date the owner wants to leave. Number two: the amount of money owners want in the bank when they leave Number three: the successor they chose to take over their companies. https://e.gv6.co/aZPiTP

Setting a target departure date is absolutely indispensable to creating an exit plan. An exit plan for an owner who wants out in two years will look quite different than the plan for the same owner willing to stay for ten. https://e.gv6.co/a_E-4w

The starting point for any type of plan is defining its goals. In the case of planning a business exit, this means knowing what it means to exit your business in style. https://e.gv6.co/a7ZBCO

An exit plan is a holistic approach to a business exit strategy. Exit planning is the creation and execution of a strategy that strives to allow owners to exit their business on their terms and conditions. It is an established process that creates a written roadmap or exit plan, involving efforts of several professions facilitated and led by an exit planning professional who ensures not only the plan creation but its timely execution. There are a few universal truths in business life. This is one: you will leave your business. There is only one way you, as an owner, can do so successfully: you must consider an exit plan as early as possible and stick to that plan as you maintain your business. For more information call us at 877-695-2102 or visit us at businessexitnow.com.