|Charles S. Wilson, CPA/CFF, CGMA, CBEC | CERTIFIED BUSINESS EXIT CONSULTANT | 281-993-4530 | firstname.lastname@example.org|
Internal Transfer Series: The Options Quadrants - Which One Do You Fall Into?
[fname], today I want to raise your awareness of available Exit options. It starts with considering the ownership structure, and moves to named or likely successors. By seeing Exit Options many different ways, owners of privately-held businesses can begin to picture the type of Exit that will work best for them.
Or, alternatively, they will realize that their Optimal Exit will be a
greater challenge than originally thought. Either way, thinking about
exiting your business is a healthy and necessary exercise and should be
performed routinely until a plan is firmly in place to protect your illiquid
We have therefore created a quick-reference chart to start business owners
down the right transfer road, depending on the individual situation. This is
by no means a short-cut, but merely a starting point.
For instance, an owner may want to cash in some chips but also keep his job.
This situation calls for a 'partial exit', such as the sale of a majority
stake. Or an owner may intend to make a charitable gift. The key attribute
of this owner is flexibility; it's his business and he isn't locked into
handing it to any one successor.
For example, independently wealthy owners can afford to Gift shares whereas
owners dependent on the proceeds from the business may look to a management
buyout or an ESOP as a means to hand down the business to a successor.
Timelines may also come into play. If an owner needs immediate liquidity, an
ESOP or Management Buyout may present the most practical solutions.
As always if you need some advice, you're welcome to email me of call me here at the office at 281-993-4530.
Charles Wilson, CPA/CFF, CGMA, CBEC
Charles Wilson, LLC
307 S. Friendswood Dr, Ste B-2
Charles Wilson, CPA/CFF, CGMA, CBEC is a Certified Business Exit Consultant and is affiliated with Pinnacle Equity Solutions, Inc., an Exit Strategies Training and Solutions company. Parts of the content in this email are taken from previous Pinnacle Equity Solutions, Inc's. newsletter library and website in accordance with Charles Wilson's certification in Pinnacle's Certification and Membership Program. All Copyrights are the properties of Pinnacle Equity Solutions, Inc. and Charles Wilson, LLC and their respective owners.