Selling or Closing   |  Investors

Sell or Close a Business

When you get on a plane, one of the first things the flight attendants do is point out the exits. How you plan on leaving your business can affect everything from choosing the right business form (Corporation vs. LLC), to choosing a name, and drafting your contracts.

I firmly believe you can only guess your exit strategy and that the best course is to be prepared for as many options as possible. I can help you position your company to be acquired in a cash sale or merger. I can advise you on what contracts you need to ensure a smooth succession if you die “at the helm.”

I’ve seen a great deal of value go down the tube because of lack of forethought. Even if you’ve not given your exit strategy a moment’s thought, once you are at the point of cashing out of your business, a well thought out contract can ensure that what you bargained for comes to you, not the IRS.

Do you have any exit strategies in mind? Have you implemented procedures to maximize what you walk away with when that strategy is implemented? I can help you with this.