Exit Planning: It is good business strategy
Business exit planning is like a three-legged stool. It requires balance! Every business is different and every family is different. However, when it comes to a business transition, there are three forms of readiness that all owners need to consider – personal, financial and business.
Check Your Readiness
Preparing for a transition is just good business strategy. It makes sense to do the work even if you don’t plan to exit for quite a while. Have you ever asked yourself these questions:
- What will I do with my time when I retire?
- Do I have any hobbies that I love?
- Do we have enough money to last?
- Is there anyone that can do what I do for the business?
- Will I be able to let go of the reins?
Please join Samantha Metcalf and Lisa Horn as they continue the conversation around business transition in this video. Stay tuned for further installments in our Owner Transition series.
Allyson works for businesses of all sizes, maintaining a primary focus on business tax and consulting. She provides her clients with creative resolutions for technical tax issues and clearly interprets proposed and existing business tax law. Moreover, her thorough experience with trusts and estates allows her to deftly guide clients through the complicated legislation and the intricate processes involved in compliance, maximization of returns, and sustaining business and family wealth. She first gained knowledge and experience working for several years in a national firm, in a small firm environment, and in solo practice. She was also a partner in a regional legacy firm for 15 years prior to joining CLA. Her extensive tax experience bolsters CLA's talented staff and cultivates client relationships and makes her an invaluable member of the professional and civic communities.
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