Business Transitions & Exit Planning
Strategies for business owners to transition out of their business
Have a plan for the future of your business.
What are my options for exiting my business?
Sell your business to a family member?
Sell your business to a third-party?
Employee buyout (ESOP)?
Liquidate your business?
Maintain ownership as a supervisor?
Comprehensive Exit Planning Strategies
At Fortress Business Advisory, our exit planning services
are designed to help business owners create a clear, actionable strategy for transitioning out of their business.
We work closely with you to understand your goals, whether it’s selling to a third party, merging with a competitor, executing an employee buyout, or planning for family succession.
So how does it work?
The Exit Planning Process
Our approach includes assessing the value of your business, identifying potential buyers or successors, and developing a plan to maximize the financial and personal benefits of your exit.
Exit Planning Benefits
Having a plan for your business transition can help you with all of these key decisions and strategies.
Leave your business on Your Terms
Minimize the tax liabilities of your business sale
Smooth business Transition
Safeguard Your business's Legacy
Provide Financial Security
Avoid unexpected Pitfalls
Align Personal and Business Objectives
Maximize business sale profits
Protect your business’s reputation
Frequently Asked Questions
We understand the challenges of owning and running your own business.
What is business exit planning?
Business exit planning is the process of preparing your business for sale or transfer to ensure a smooth transition and maximize the value of the business. It involves assessing your goals, addressing financial and legal issues, and developing a strategy to exit the business on your terms.
When should I start planning my business exit?
It’s ideal to start planning your exit at least 3-5 years before you intend to leave the business. This allows you to prepare the business for sale, address any issues that might reduce its value, and set yourself up for a smooth transition.
Why is business exit planning important?
Exit planning ensures you maximize the value of your business, minimize taxes, and ensure that the transition is as smooth as possible. It also helps you identify potential challenges early and gives you a clear roadmap for when you’re ready to leave.
What are my options for exiting my business?
Common exit options include the following:
-Selling to a third party: Selling the business to an outside buyer.
-Family succession: Passing the business on to a family member.
-Employee buyout: Selling to key employees through an Employee Stock Ownership Plan (ESOP) or direct sale.
-Merging with another company: Merging your business with a complementary business to enhance growth and profitability.
-Liquidation: Selling off assets and closing the business.
