When it’s time to sell your business, proper planning is key for a smoother business exit. Jon Marquet, JD, CEPA®, joined Julie Keyes on the Poised for Exit Podcast to talk about unlocking the path to a smooth business exit.
In this episode, Jon discusses various considerations to keep in mind for a business sale, as well as financial planning aspects that could impact the other side of a business sale transaction:
- Direct Giving
- Intentionally Defective Grantor Trusts
- Grantor Retained Annuity Trusts
- Charitable Remainder Trusts
- Investing in public markets vs your own business
Trust Point’s role in business exit planning is determining how to best add value to each business owner’s unique exit planning journey and bringing the right people and right expertise to the table. We even have several former lawyers and various certified financial professionals on staff to help guide business owners with their business exit planning and financial planning needs.
We can help build a team to assist with the business exit process from the beginning, but we’re often brought into process when the business exit journey is farther along. When Trust Point is introduced later in the process, we often find that there might not have been as much focus on the business owner and their family’s personal finances after the business sale. Our goal is to then work with the business owner to optimize financial planning for after the business sale as well.
When a financial professional is involved before, during, and after a business transaction, it helps build a meaningful relationship.
CLICK HERE to listen now.
Have questions about how the Trust Point team can help you on your journey to selling your business? Reach out to our team.
