Setting the Expectation for Exit Planning
What is Exit Planning?
An Exit Plan is just that, it is a plan to leave your business or company. Whether that is through a sale or succession, it’s important that you have a plan in place when the time comes to leave. Paragon Private Wealth Group™ will help you navigate this path successfully to get the most value for your business. Whether you’re selling to an outside party or making an internal transfer of power, we can help navigate the pitfalls. PPWG™ will create an orderly, financially sound and tax efficient plan specific to your situation. This strategy allows you to get the maximum value for your business, reduce risk and stay in control throughout the process.
There are plenty of options when considering your exit plan. We’ve explained a few ways to do this below.
Setting the Expectation for Exit Planning
What is Exit Planning?
An Exit Plan is just that, it is a plan to leave your business or company. Whether that is through a sale or succession, it’s important that you have a plan in place when the time comes to leave. Paragon Private Wealth Group will help you navigate this path successfully to get the most value for your business. Whether you’re selling to an outside party or making an internal transfer of power, we can help navigate the pitfalls. PPWG will create an orderly, financially sound and tax efficient plan specific to your situation. This strategy allows you to get the maximum value for your business, reduce risk and stay in control throughout the process.
Use an Investment Bank – Exit Planning
There are several ways to approach your exit planning, but one we suggest is hiring an investment bank. By bringing on an investment bank you can alleviate a lot of the pain that comes from selling your business. It’ll also increase the likelihood that the outcome is a success. PPWG can help find you an investment bank that has the right experience and resources. An investment bank should also bring objectivity to the process to help with making informed decisions.
Use an Investment Bank – Exit Planning
There are several ways to approach your exit planning, but one we suggest is hiring an investment bank. By bringing on an investment bank you can alleviate a lot of the pain that comes from selling your business. It’ll also increase the likelihood that the outcome is a success. PPWG can help find you an investment bank that has the right experience and resources. An investment bank should also bring objectivity to the process to help with making informed decisions.
A Deferred Sales Trust – Exit Planning
A deferred sales trust is another option when considering your exit plan. A deferred sales trust allows you to defer capital gains tax when selling a business or other real estate that would be subject to a capital gains tax. Essentially with this, you take the sales money you would’ve received at closing and it is put into a trust. This money is only taxed as funds from the sale are received. This strategy allows you to reinvest the money from the sale into investments that aren’t allowed by other capital gains tax deferral strategies.
A Deferred Sales Trust – Exit Planning
A deferred sales trust is another option when considering your exit plan. A deferred sales trust allows you to defer capital gains tax when selling a business or other real estate that would be subject to a capital gains tax. Essentially with this, you take the sales money you would’ve received at closing and it is put into a trust. This money is only taxed as funds from the sale are received. This strategy allows you to reinvest the money from the sale into investments that aren’t allowed by other capital gains tax deferral strategies.
Selling Your Business – Exit Planning
Selling your business is no easy task, even for the most experienced business owners. Overall, it seems like a relatively simple task, but you may end up on the short end if you don’t pay attention to the details. That is why PPWG gives you the blueprint you need for this process.
Selling Your Business – Exit Planning
Selling your business is no easy task, even for the most experienced business owners. Overall, it seems like a relatively simple task, but you may end up on the short end if you don’t pay attention to the details. That is why PPWG gives you the blueprint you need for this process.
