
Exit & Succession Planning
Get the Most Out of an Exit
An exit plan is needed to position your company to look attractive to buyers thereby maximizing its value and increasing the return to you, the owner.
A typical exit plan should start years before the actual sale and can be accomplished in many ways. What you want out of it in the end will dictate what you need to do to get there and there are a variety of exit and succession plan strategies depending on your situation.
At Cogent Analytics, our business advisors know that different plans are better suited to different goals and different types of business owners. Here are a few common planning methods privately held business owners use:
- Exit planning outlines how you can successfully retire from your business and generate enough liquidity to provide the financial security to fulfill your retirement goals.
- Succession planning outlines how you can remove yourself from the day-to-day operations of the business and transition obligations to a successor.
- Legacy planning outlines how you can use the wealth that your business generates through your exit to impact the lives of your children, grandchildren, and community.
A properly created and executed exit plan, succession plan, or legacy plan provides peace of mind. Whether you are looking to sell the business to your management team, sell to your children, put in an Employee Stock Ownership Plan (ESOP), gift the business to charity, or sell your business to an outside party, Cogent offers powerful solutions to achieve your goals.
Interested in more information on Exit & Succession Planning? Visit our Resource Center.
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