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Overview
The Importance Of An Exit Strategy Improving Your Succession Plan
Making Your Your Exit Strategy Fit Into Your Retirement And Estate Plans
Working With Your Entire Team Of Tax, Legal And Other Professional Advisors
Work
Business Options
Sale Gift
Liquidation
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Issues:
Who is this buyer? Will the buyer offer a fair price? Will the purchase price be paid in cash? What happens to Toms retirement plans if the payments stop? What happens if Tom dies, becomes disabled, or wants to retire early?
Improving Your Succession Plan
Gift Planning
Some Owners Plan To Give Away Their Business During Life Or At Death
Family Members Must Be Willing & Capable Of Running The Business Requires A Careful Analysis Of Retirement, Estate Planning, & Family Income Needs
Liquidation Planning
Not All Succession Plans Will Be Successful
Liquidation May Occur During Life Or At Death
Liquidation Examples
Example One: The Successor Quits Before The Retirement Sale. The Owner Liquidates The Business. Example Two: The Owner Transfers His Business At Death To His Adult Children. The Adult Children Can Not Run The Business Successfully.
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Estate Planning
Complements Your Retirement & Succession Planning
Helps You Achieve Your Personal, Family, & Charitable Giving Objectives Makes Your Exit Strategy Successful
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