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Every business owner takes time to cultivate, nourish and grow their business. For many, their business is essentially an extension of their family. For that reason, it can be an extremely difficult financial and emotional decision when it’s time to leave.
At Trust Point, our Business Advisory Services can help you determine when you’re ready, financially, to step down as a business owner. We can create a plan that gives you control over the when and the how of transitioning your business. We help our clients structure their business sale in a way that is beneficial to both the owner and successor.
With each stage of growth comes a unique set of next steps. If your next step is to step down, we can help you with the following:
To sell your business, you need to assemble a team. Ideally, your business sale includes a business advisor, a Certified Personal Accountant, a business broker, an appraiser and an estate attorney.
Perhaps most important on an individual basis is a financial professional who has the expertise to help you evaluate the moving parts of your sale and ensure that the numbers meet your personal financial goals. A financial professional can determine the best way for the proceeds to come to you and they can help with cash flow planning to fund your lifestyle and tax requirements.
