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When it’s time to cash out, savvy business owners will execute their Exit Plan to harvest maximum value, and secure “spendable” liquidity for themselves and their families. Any good Exit Plan - a clear and concise road map developed in concert with a team of advisors - should ask, and answer, all of the critical questions that owners need to consider when selling their privately held companies. And it should also include contingencies for the unexpected – illness, burnout, divorce, and even the owner’s death.
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