Overcoming Obstacles in Business Exit Planning

Business owners probably think of retirement as a time to let go of all business stresses and to finally begin relaxing. Surprise—according to a recent study, more than 70% of former owners regret selling their companies less than a year after the sale. What causes so many to regret their decision? The culprit seems to be the lack of preparation on the part of the business owner.

Increasing Business Value through Proactive Due Diligence

Most people think of due diligence from the point of view of a prospective buyer. While that is typical, it is now becoming more common for business owners to conduct their own due diligence to fix any weaknesses within their company in advance of a potential sale.

Planning for that Next Chapter

Exit planning for business owners is not only about the numbers – the value of your business and your personal financial plan.  It is also about planning for that next chapter in your life. 

Owners Should Consider Private Equity as an Exit Option

Favorable economic conditions alongside baby boomers looking to exit their businesses over the next ten years have resulted in an active M&A market.  While there are many exit options, business owners should consider a recapitalization using a private equity firm.

Bennett Thrasher Adds Value Acceleration and Exit Planning Practice

Bennett Thrasher LLP, one of the top 100, full-service public accounting and consulting firms in the country, announced today the formation of a new practice group: Value Acceleration and Exit Planning Services, providing comprehensive exit planning consulting that includes valuation, corporate tax, personal tax, wealth advisory, transaction advisory, audit and assurance consulting, and operational support for business owners planning to transition out of their businesses.

The Tax Cuts & Jobs Act Influences Business Valuation

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law.  It is the most comprehensive tax reform seen in the United States since President Ronald Reagan’s 1986 Tax Reform Act. 

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