Exit Planning

Exit Planning helps business owners achieve their exit objectives.  The goal of Exit Planning is to enable owners to leave their companies when they want, to the successors they want, and with the amount of cash they need.

Every owner leaves his or her company without exception.  Whether you do it in style depends on the specific exit planning actions you take before you leave.

We can show you how to successfully embark upon the Exit Planning Process and achieve your Exit Objectives.

  • Step 1 - Identify Owner Objectives
  • Step 2 - Quantify Business and Personal Financial Resources
  • Step 3 - Maximizing and Protecting Business Value
  • Step 4 - Ownership Transfers to Third Parties
  • Step 5 - Ownership to Transfers to Insiders
  • Step 6 - Business Continuity
  • Step 7 - Personal Wealth and Estate Planning

 Exit Planning involves answering "YES" to seven questions:

  1. Do you know your exact retirement goals and what will it take, in cash, to reach them?
  2. Do you know how much your business is worth today, in cash?
  3. Do you know the best way to maximize the income stream generated by your ownership interest?
  4. Do you know how to sell your business to a third party and pay the least possible taxes?
  5. Do you know how to transfer your business family members, co-owners, or employees while paying the least possible taxes and enjoying maximum financial security?
  6. Do you have a continuity plan for your business if the unexpected happens to you?
  7. Do you have a plan to secure financial independence for your family if the unexpected happens to you?

*  No cost initial consultations to explain how the Exit Planning Process works.

Note: Baystate Financial, its employees and representatives are not authorized to give tax or legal