by Holly Cloutier | Mar 14, 2022 | Business Exit Planning
When you started your business, it was obvious that you needed a plan to make it thrive, but have you thought about your exit strategy for when the time comes to sell? The reality is that every action you take during the life of your business has an impact on your...
by Holly Cloutier | Mar 7, 2022 | Business Exit Planning
The thought of planning for your business exit can be overwhelming for owners – there are so many areas to consider and decisions to make. That’s why we generally advocate that owners tackle their exit planning over a number of years using a phased planning approach....
by Holly Cloutier | Feb 8, 2022 | Business Exit Planning
Success can bring complexity, including more managerial, implementation, execution, and relationship development. Our brains may try to tell us that we’ll create an exit plan as soon as the more critical matters get taken care of. Although you are busy, it’s...
by Holly Cloutier | Feb 3, 2022 | Business Exit Planning
A contingency is the occurrence of a potential (or eventual) negative event in the future. The word contingency literally means “a future event or circumstance which is possible but cannot be predicted with certainty.”As it relates to a business, contingencies would...
by Holly Cloutier | Nov 5, 2021 | Business Exit Planning
Focusing on Tax Minimization Many business owners operate their companies to minimize income taxes. However, this is not the best practice when it comes to maximizing business value. Minimizing taxes while preserving the true profitability of the company makes good...
by Holly Cloutier | Sep 30, 2021 | All, Business Exit Planning, Financial Planning
Many business owners support their families through their businesses. If something were to happen to you, such as a sudden death or permanent incapacitation, it may affect both your business and the lifestyles of the people who rely on you. Here are three things you...
Recent Comments