Business Succession or Sale Planning
It takes years of hard work and dedication to build a successful company. When it’s time to sell your business or transfer ownership to your family, Zeller Kern can help you plan and implement the transaction. This complex process has many considerations, including timing, transfer strategy, valuation and more. Planning an exit strategy – whether a sale to an outside party or a succession to family or employees – is the single most important business decision most owners will make in their lifetimes. Failure to adequately plan a business exit strategy can result in unnecessary taxation, damage to employee morale, loss of key personnel, and, ultimately, a loss of business valuation. Many owners find the process to be far more complex than they had realized, and wish they had started it several years before.
Zeller Kern can help you turn this important event to your best advantage. Using the Seven Step Exit Planning Process™* we gather extensive data about your company, assess your personal needs and wishes, construct a comprehensive exit plan, and help you implement the plan. We bring in selected professionals as needed, such as CPAs, estate and business transaction attorneys, business valuation experts, business brokers and mergers and acquisition/investment bankers. We guide you every step of the way, from internal considerations such as non-compete clauses and incentive plans to retain key personnel, to external issues such as business valuation and hiring outside experts. The result is a business exit plan that maximizes the benefits to you, while allowing you to exit in a dignified and carefully considered manner.
The end result is a comprehensive plan that addresses:
• The most suitable corporate structure
• An accurate business valuation
• Coordination of sales to third parties
• Retention strategies for key employees
• Tax-efficient succession strategies
• Considerations for timing of the sale or succession
Request more information on our business exit planning, including fees.
* The Seven Step Exit Planning Process is a trademark of The Business Enterprise Institute
