Preparing for your business transition should begin years in advance. Our team has a disciplined process of asking questions and gathering all the facts and emotional drivers that can impact the early-stage groundwork you need to do as the selling process moves forward.
Early planning is key The more financial planning you do in advance of the sale—or even before an offer to buy is made—the better your foundation for all the steps that follow. Let’s work together on:
Assessing your post-sale cash flow and spending needs. We’ll test for different scenarios,
Developing a consistent tax minimization strategy for the proceeds
Helping preserve your assets for the long-term or new ventures
Guidance from the experts will be key at this time As Private Wealth Advisors, we have extensive access to a diverse team of experts, each with their own role and expertise in the selling process. We may recommend a valuation specialist, investment banker, CPA, attorney and planning analysts. We’ll also connect with your personal attorneys, accountants and others to align our recommendations.
Control what you can. Know what you can’t. Your business is personal—you built it, own it and now you’re letting it go. The selling process is not only complex, it’s often emotional. Giving up control may not be something you’re used to. We can help you stay focused on the company’s day-to-day financial well-being by coordinating with you and the professional team on the many details and to facilitate a smooth transaction.
After the sale
Building a company was one of the biggest investments of your life. What’s next for you and your family? We believe there’s so much ahead—more financial, personal and professional decisions to make. Life post-sale will be different, but full of possibilities. Our team will work with you to explore your ideas, your dreams and the issues you may need to address.
Continue your “life-after” planning Whatever you choose to do now, we believe that the right planning advice can make your next endeavor more effective. We’ll help you create an updated financial plan to help clarify the big picture of where you stand now, where you’d like to be and how we can help you get there.
Take time before taking action Spend some time now to really think about your vision of the future. Will you continue working, possibly consulting with the new owners? Are you beginning to think about life after work? Does retirement finally give you freedom to pursue a passion? Maybe you’re officially ready to start up a completely new venture? We believe that the right planning advice can make your next move all the more effective. Our team will work with you to explore your ideas, sort through the issues and make important business-building contacts.
Manage your wealth—today for tomorrow How you invest now is just as important as how you plan. Post-sale, you may very well have enough wealth to achieve meaningful goals for yourself, your family and the causes you care about. Whether it’s helping you pursue a new business venture or a philanthropic passion, our team serves as your “bridge” to the resources and expertise of Private Wealth Management. Our focus is to help you manage unforeseen risks, preserve what you’ve achieved and ensure your wealth is there for you to use as you wish, when you need it.
