That's what an exit plan can make possible. If you're wondering when is the best time to start your exit-planning process, the answer is: when you buy or start your business. But don't worry if that opportunity has already passed. It's not too late to begin. We can help you make sure your business interest will be liquidated in the manner you think is best, rather than in a chaotic, forced process that could result in a significant loss in value.
There are really only four ways to transfer your business interest:
Trying to work out the best approach on your own could prove to be expensive. Turn to the experienced experts at Rowand & Company, PS and save yourself time and expense. We'll work with you to select the approach that's best for you, and help you sort out priorities so professional services don't get duplicated.
Your exit strategy can affect important decisions you'll make about how you develop your business. Get the help of seasoned small-business specialists who can help you sort out such complex issues as wealth preservation, contingency planning, and income tax, estate, and gifting regulations. Find out ways to improve key business ratios that influence the value of your business. Improving these ratios can be incorporated into the short-term goals and objectives of your business and fine-tuned during the exit-planning process.
"Hi Debra, Besides your knowledge of accounting, the reasons I had your company do my books is that you initially took the time to get to know me, my company, and my view on owning a business. You and your employees are professional, yet have a relaxed, informal, comfortable atmosphere about all of you whenever I call. Finally, you are always there to answer any questions I have about taxes or Quickbooks."
~ Kent Steele, Northwest Joist and Deck, LLC