Business Succession Planning

When you’ve spent the better part of your life pursuing your entrepreneurial dreams, thinking about a business succession plan can feel as daunting as the first day of business. Planning your exit is a big undertaking with implications reaching far beyond a single desk. The business structure, assets, and tax obligations will all be affected, not to mention your personal financial plan.

A business succession plan can mean selling, transferring ownership, seeking retirement, or facing a forced-exit; all of which come with their own unique set of obstacles. How do I put a plan together? What’s the best way to execute the plan I have already compiled? How do I limit my financial risk if I'm filing bankruptcy for my company? What are the tax ramifications of selling vs. transferring ownership? These are just a few of the questions that you may have.  

You may have more questions about retirement, investments, cashing out, payout distributions and more. We will address your questions and teach you about your options as we walk you through the transition. We will help you map out a timeline for departure as well as an action plan for your next financial steps. We will help you create an exit strategy that can not only ease the burden of departing from your company but brighten your financial future.

You’ve spent countless hours steering your business and now you’re ready to set sail for new horizons. EverVest can help make the passage a smooth one.

EverVest Financial and LPL Financial do not offer tax advice or services.