Personal Financial Readiness
Personal financial readiness is critical for a business owner who is considering transitioning out of his or her business. Successfully transitioning out of a business takes a great deal of planning and thought and work. Whether you are planning to sell your business or transition it to the next generation or just thinking about cutting back your involvement some, it is critical to develop a plan for the change.
Are you ready?
One of the first steps in planning for a business transition is to work with an advisor to develop your wholistic personal financial plan. Do you have ready answers for the following:
- What is the current value of your business?
- Have you achieved financial independence?
- How are you going to spend the time that you used to spend in the business?
- Do my new activities cost money?
Please join Lisa Horn and Dominic Zamora as they discuss how we can help you find the answers to these questions 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.
Comments are closed.