Exit Planning
Exit planning is a complex process that, in its implementation, requires the skills of many specialists. Exit planning demands time and attention, more than is available to most business owners. It is an unforgiving process that leaves little room for critical error. Although, from business to business, the overall process of exit planning appears on the surface to be similar, the exit plan for each business must be tailored to account for the uniqueness of that company, the owner’s personal situation, and his or her personal objectives. Our firm’s tailored approach to preparing exit plans and counseling companies, management, and owners through implementation of the exit plan and the sale of their company helps them achieve maximum value, retain that value, keep taxes to a minimum, avoid needless delays, and overall achieve personal objectives.

Exit Plan Critical Points of Action

• Preliminary Assessment
• Building the Exit Planning Team
• Developing the Exit Plan
• Exit Plan Implementation
• Plan Revision and Adjustments

• Initial analysis and review
• Priorities
• Goals
• Timetables
• Preliminary action plan

• Identifying the needed specialists
• Establishing selection criteria
• Interviewing and selecting specialists
• Negotiating engagements
• Assembling the team and establishing working relationships

• Develop details of the exit plan
• Establishing responsibilities and timetables
• Coordination among team members
• Begin implementation of the exit plan

• Monitor overall plan implementation and timelines
• Monitor performance against plan of each specialist
• Mediate scheduling or conflict issues
• Take corrective action where needed

• Provide a regular review of the plan
• Revise plan where required
• Follow a reimplementation as required
• Maintain plan timelines