If you own a business or are a major shareholder in a privately held company, you have worked hard to get the business where it is. And your ownership of the business is a significant portion of your income and net worth. How do you successfully exit the business, financially and otherwise?
Selling your business may have started years ago when an unsolicited offer came to you. Or you have an internal successor but don’t see how a buyout would be structured. Perhaps you do not have a clear exit strategy. Or you are about to finalize a deal, and now have this one opportunity to secure your family’s financial future.
Whatever your situation, solving this puzzle is a central issue in your financial life. And the transition affects other areas of your life as well. Implementing a business exit strategy can be difficult, but it opens up a host of new opportunities. You worked hard to build your business, now it’s time to enjoy the rewards. With solid planning and a well crafted financial strategy, you can harvest the benefits of your hard work for years to come.