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Building a Strong Foundation
Planning for Critical Moments
Planning for Critical Moments
Understand your personal and business financial goals.
- Determine Your Objectives: Clarify what you want for yourself, your family, and your business.
- Conduct a Business Valuation: Know what your business is worth to plan effectively.
- Align Personal Financial Needs: Ensure your business strategy supports your long-term personal goals.
Planning for Critical Moments
Planning for Critical Moments
Planning for Critical Moments
Retirement
- Set retirement age and goals.
- Integrate your personal retirement financial plan with your business exit strategy.
Divorce
- Plan for shares held by a spouse.
- Prepare for spouse contributions to operations and share transfers.
Sale
- Facilitate a sale to an outside party or an internal employee/manager.
- Establish clear stipulations for the sale to protect your interests.
Disability
- Ensure personal income requirements are met.
- Strategize business management decisions: transfer ownership, retain control, or other arrangements.
Death
- Secure survivor income needs for your loved ones.
- Manage business financial needs during a transition.
- Decide whether to liquidate, transfer, or retain ownership.