Every small business owner exits. Ownership transition can take many different forms. Ultimately there are a few driving factors that can force an owner's hand to transition including death, disability, divorce, disagreement or distress. When any of those factors unexpectedly impacts a business owner, the entire business ~ and its value ~ can be in jeopardy.
Planning for your "exit" or "transition" out of business ownership can place your business, family and employees in a much safer position than waiting until the inevitable happens. Business owners know that failing to make a decision is a still a decision. Failing to plan for your transition out of ownership is a decision that can be frustrating and costly.
There are different options for owners when considering exiting her or his business. Reviewing and learning which options work better for your business can help you maximize value and satisfaction from your transition. We are ready to assist with your planning. Strategy matters.
Collins Law Office, P.A. is uniquely positioned to help business owners inventory their readiness to exit and apprise as to options for exit planning strategies. We prefer to work with your current advisors (tax, accounting, legal) to help with the exit planning and readiness process. If there is a need, we can suggest other professional advisors and counselors who can assist your transition planning. Our goal is to help you with a planned, controlled and smooth transition.
Robert H. Collins, Esq. is a Certified Exit Planning Advisor (CEPA®) through the Exit Planning Institute™ and our office works with The ExitMap® throughout the exit planning process.
Stay in control of your exit.
Collins Law Office, P.A. offers a complimentary readiness self-assessment through The ExitMap® to help you determine your transition readiness. If you would like to complete the assessment, please click on the link below. You will be redirected.