Experienced guidance For exit planning
The decision to sell your business is one of the most significant and complex ones you will ever make. The more resources and support you have handling the details of the transaction, from presale planning to investment management, the greater the odds that you will reap the financial rewards that will help achieve your long-term goals. As your partner, we will work diligently to prepare you and your family for this transition.
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Exit planning is a core focus of Catamount Financial Advisors. Two of the advisors on our team, Ryan Bartley and Michael MacConnell, have earned the Certified Exit Planning Advisor designation to enhance the client experience for business owners. Drawing on our experience in guiding business owner clients as well as the knowledge gained from the CEPA program, we can help you pursue your important objectives with confidence.
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We are well-positioned to guide you through this significant life event. We can help you assemble a team that includes tax professionals, business valuation specialists, business brokers and investment bankers experienced in mergers and acquisitions. We’ll coordinate their efforts as we tailor a cohesive and comprehensive wealth management strategy around your goals.
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To settle on a deal that’s the right fit, we start with understanding the amount required to fund your lifestyle, and what parts of your estate are liquid and easy to access.
Financing details are crucial here, particularly if you’re looking to the proceeds of a sale to provide some cash flow in retirement. We can help you determine whether it’s more advantageous to take a cash payment, a lump sum or installments. We will develop a range of outcomes and align them with your objectives.
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Creating and executing an estate plan prior to the completion of the sale can create the potential for significant tax savings. There are estate planning strategies that can help to maximize intergenerational wealth transfer while mitigating taxes on family assets. Facilitating the transfer of assets to your chosen beneficiaries early is one potential strategy. Whether you are most concerned with maximizing the amount you can pass to your heirs tax-efficiently or the gifts you will be able to make to your favorite charities, your planning should be forward-looking enough to include the legacy you wish to create.
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Bill was in his late 40s and owned a very successful financial services consulting company for several years. He had no strategic business plan, exit plan or tax plan. When it came time to sell the business, our Exit Planning Readiness actions included mitigating capital gain taxes, developing an estate plan to mitigate estate taxes, and increasing the re-casted EBITDA to raise the value of the company.
This case study is for illustrative purposes only. Individual cases will vary. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, you should consult with your financial advisor about your individual situation.
Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as financial advisors of Raymond James, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional. Any examples are hypothetical and for information purposes only. Individual circumstances may vary. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, you should consult with your financial advisor about your individual situation.
