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Business Exit Planning 

An exit plan is a comprehensive roadmap to create a more valuable company. It asks and answers all of the personal, business, legal, financial, tax and estate issues that are involved in exiting from a privately owned business. Exit Planning includes exploring all exit options including sales to third parties or transitions to family, partners, management, or employees.

As Certified Exit Planning Advisors we have learned how to help owners synchronize these into an overall success plan. These aligned goals become the foundation and the core values for all future planning and implementations. This plan shows owners how to begin positioning themselves and their businesses so they will accomplish all of their personal, financial and business goals when they exit or transition their business.

Think about it. Exit planning is simply good business strategy. If the focus is on creating a more valuable company, all the things needed to create that value will be good for the business and for the owner personally. This is why we recommend value creation be the core principle upon which you operate your business.

The first step to creating a more valuable and saleable company is to complete an Exit Planning Readiness Assessment and Business Valuation. 

You are “Prepared” or “Ready” to transition your business if you… 
  • Have spent some time and money getting educated on the process of how to transition your business. You have discussed transitioning with your loved ones.

  • Your personal, financial and business goals are aligned meaning they are defined, co-dependent, and linked.

  • You have created an advisory team which includes at minimum: an attorney, CPA, wealth or financial advisor, exit advisor, spouse or partner or other family who is a “significant other” in your life. Other advisors that may be included: personal friends and advisors, banking advisor, M&A attorney, estate planning attorney, real estate attorney, business attorney, ESOP specialist, tax specialist, insurance specialist, foundation / charity, key employees, investment banker or business broker, board members, family or personal counselor.

  • You have created a contingency plan which should include buy-sell instructions, appropriate insurance, and specifies what should happen if before you transition something was to happen outside of your control that would prevent you from operating your business or unwillingly force you to transition. You have reviewed this plan with your trusted advisors including family members and/or partners if applicable.

  • You have a completed a strategic analysis, business valuation and personal, financial and business assessment(s) within the last year. 

Please contact Staci Scharadin, Certified Exit Planning Advisor ® for more information staci@diamondwm.com 


 
 
 Securities Offered Through First Allied Securities, Inc., A Registered Broker Dealer. Member: FINRA/SIPC.
Advisory Services Offered through First Allied Advisory Services Inc. A Registered Investment Adviser.

Lakeside Wealth Management Group LLC, a registered investment advisor not affiliated with First Allied Securities, Inc.

This communication is strictly intended for individuals residing in the state(s) of AK, AZ, CA, CO, FL, HI, IL, MS, MT, NV, NJ, NY, OK, TX, UT and WA. No offers may be made or accepted from any resident outside the specific states referenced.
 


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