Business Exit Planning Services

Business Exit Planning Services

Whether you’re planning on selling your business in the coming years or simply want to keep your options open, creating a business exit plan is a great way to feel more secure in your financial future. Business exit planning is critical to the financial security of any business owner and should be taken seriously. With business exit planning services, you can ensure you’ll get the most out of your company when you move on to bigger and better things.

At Fort Pitt Capital Group, you can work directly with a Certified Exit Planning Advisor (CEPA).  The CEPA program is the most widely accepted and endorsed professional exit planning program worldwide and was specifically designed for firms that work with closely held businesses. Our in-house Certified Exit Planning Advisor has been specially trained to create plans for business owners that will address their business, financial and personal challenges while providing them a clear path to achieve their goals.

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What is Business Owner Exit Planning?

Business owner exit planning is the process of creating a strategic roadmap for a business owner to eventually transition out of their ownership role in a company. Whether it’s due to retirement, a desire to pursue new ventures or unexpected circumstances, an exit strategy provides a framework for a smooth transfer of ownership and leadership.

Why is Exit Planning Important?

Maximizes Value: A well-structured exit plan helps optimize the business’s value, making it more attractive to potential buyers or successors.

Ensures Continuity: It minimizes disruption to the business during the transition period, protecting employees, customers, and overall operations.

Personal Financial Security: An exit plan can help the business owner achieve their desired financial goals and secure their financial future after leaving the business.

Peace of Mind: It provides peace of mind knowing that the owner’s hard work and the future of their business are well protected.

Common Exit Strategies

Sale to a Third Party: Selling the business to an outside buyer, such as a competitor, strategic acquirer, or private equity firm.

Transfer to Family Members: Passing ownership and management to the next generation.

Management Buyout (MBO): Selling the business to existing management or key employees.

Initial Public Offering (IPO): Taking the company public and selling shares on a stock exchange.

Employee Stock Ownership Plan (ESOP): Selling the company to a trust set up for the benefit of employees.

Liquidation: In the less desirable scenario, winding down the business operations and selling off the assets.

Steps Involved In Exit Planning

Define Your Goals: Determine your desired timeline, financial expectations, and objectives for the transition.

Value Your Business: Get a professional valuation of your business to understand its worth.

Identify Potential Successors: Consider internal options (family, employees) or external buyers.

Optimize Your Business: Focus on increasing profitability, streamlining operations, and enhancing the business’s overall attractiveness.

Assemble Your Team: Engage advisors like accountants, attorneys, financial planners, and exit planning specialists.

Develop the Plan: Outline your chosen exit strategy, contingencies, transition timeline, and tax implications.

Execute and Revise: Implement your plan, but remain flexible as circumstances may change. Revisit your plan regularly to make needed adjustments.

Important Considerations

Start Early: Exit planning is most effective when initiated years in advance.

Tax Implications: Be aware of potential tax consequences of different exit strategies and plan accordingly.

Emotional Readiness: Prepare yourself for the emotional aspects of leaving your business.

Remember, a successful exit plan is tailored to the specific needs of the business owner and the business itself. Exit planning should be a thoughtful, well-informed process to achieve your desired outcome.

Benefits of Working WithFort Pitt Capital Group

Benefits of Working With Fort Pitt Capital Group

When you work with us to sell your business, you can trust that we will stay true to our core values to bring you the highest satisfaction rate:

  • Exceptional client service: We value our clients and care about the experience they have with us. That’s why we put your best interests at the forefront when managing your finances and providing financial advice.
  • Transparency: We keep you in the loop by communicating openly and clearly about financial proceedings, so you always feel confident and informed.
  • Investment strategy: We utilize market research and analytics to develop portfolios that will stabilize your financial future.
  • Internal expertise: Our team of skilled consultants uses their diversified set of talents to create the most value for our clients.

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Book Business Exit Planning Services at Fort Pitt Capital Group

If you’re planning on selling your business and need professional advice, Fort Pitt Capital Group has your back. Our in-house team of advisors specializes in providing individualized wealth management, investment analysis, and financial planning services so that you can get the most personalized results.

To schedule business exit planning services, fill out our online form, or give us a call at 1-800-471-5827.

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