Exit planning is one of the most valuable things an owner can do — and one of the most postponed. These answers cover the basics. When you’d like to talk, start a confidential conversation.
Straight answers
When should I start planning my exit?
Several years before you want to leave. See business exit planning.
What are my exit options?
Selling to an outside buyer, a competitor, family, managers or employees, a partner buyout, or a planned wind-down.
How do I know when it's time to sell?
When the business is strong, you still have energy, and you’re personally ready. See when to sell my business.
What is succession planning?
Planning who will lead and who will own the business. See business succession planning.
Can I sell to my employees?
Yes, through a management buyout or ESOP. See sell business to employees.
Is my business ready to sell?
Take the exit readiness assessment.
How will taxes affect my exit?
Significantly, depending on structure and timing. Involve a CPA early.