Business 101: What is Exit Planning

Exit Planning combines the plan, concept, effort, and process into a clear, simple strategy to build a business that is transferable through strong human, structural, customer, and social capital. 

The future of you, your family, and your business are addressed by exit planning through creating value today. 

Exit Planning is not just a project to take on when you feel ready to transition but it is an action plan that is continually revisited to plan and provide for any unexpected circumstances that necessitates for the quick sale of your business while preserving the value of that asset on the open market.

The focal point of Exit Planning is to understand your strategic position in the business and how to maximize the value of your ownership when you transition and sell your business. An often-overlooked element of Exit Planning and maximizing the structural capital value of your business is the business owner’s understanding of how the operation of the business’s bylaws, operating agreement, or partnership agreement may limit or provide the procedure in which you follow in order to exit and sell your business. Further, having experienced counsel to advise you of your legal options when planning your exit can be pivotable for a smooth transition.

The legal team here at Jacko Law Group, PC (“JLG”) is experienced in advising business owners through the sale and transition of their businesses. Further, JLG with their Certified Exit Planning Advisor, are able to support and coordinate among all your professionals to ensure that you have a complete Exit Plan that seeks to maximize the value of your business upon its sale or transition. For more information, contact us at (619) 298-2880 to schedule a consultation.

Leave a Reply

Your email address will not be published. Required fields are marked *