The Exit Plan

Heritage Transition Consulting crafts customized Exit Plans for business owners based on their specific goals. We work diligently on finding the appropriate solution for each of our client business owners by learning more about their financial situation, attitude about the business and family dynamics. Exit planning options are generally determined by considering whether the business will be turned over to family or sold in the marketplace. Consider the following avenues for exiting a business.

A Financial Buyer

An Exit Plan will help increase the likelihood of maximizing the financial return on the investment and hard work that went into the business. Prior planning will improve the negotiating position of the exiting business owner by proactively addressing issues that could negatively affect business proceeds. To learn more about planning for a business sale, click here.

A Family Member

It is difficult, if not impossible, for many business owners to simply hand down a business to family members because estate and gift tax levels present too formidable an expense. However, adequate succession planning can help significantly reduce the estate tax burden and lower incidental fees. To learn more about planning for a family succession, click here.

A Key Employee

Selling to a key employee or employees helps to reassure business owners that their business is being well-attended to after their departure. This option also allows for a transfer in management, allowing the owner to stabilize the business so they can continue to work, but on a more limited basis while retaining a degree of ownership. To learn more about planning for a transfer to employees, click here.

Stockholders, Via IPO

Exiting the business through an IPO requires a great deal of up-front costs, could potentially involve years of planning and is subject to various legal and industry restrictions, business owners employing this exit strategy are often rewarded with the largest payout for their business. To learn more about going public, click here.