Exit Planning FAQs

If you have questions about business transition and ownership change, we've got the answers you've been looking for.

As experienced business transition advisors, we can assist you with mid-market exit planning, minimizing taxes, providing for a smooth business transition to a family member, and many other areas of concern regarding business ownership change.

If you are new to the concept of exit planning consultants, here are answers to a few common questions that we are often asked.

1. When should business owners start to think about exit planning?
2. Can't my existing trusted advisors help me to prepare a business transition plan?
3. Does Sun Exit Advisors prepare a written exit plan for my business?
4. How can I get started with my business succession planning?

When should business owners start to think about exit planning?

Failing to set business transition goals early enough is the primary reason that many business owners are not able to exit their businesses in style. Even if leaving your business is not on your immediate radar, you should start to put together a business transition plan. The earlier you start, the more options you'll have, and the more successful you will be. To leave the best possible business and personal legacy, make time an ally by starting your exit plan now.

Can't my existing trusted advisors help me to prepare a business transition plan?

Experienced advisors can be of immense assistance as you start down the path of thinking about business transition. This is especially true if your advisors have seen and learned from the failures and successes of other owners exiting their businesses. They should guide you through the exit process so you can avoid costly mistakes.

Does Sun Exit Advisors prepare a written exit plan for my business?

Yes. To orchestrate a successful exit, an exit plan should be in written form and should include an Exit Plan Action Checklist. This Checklist describes each action to be taken at each step of the Exit Process. It assigns responsibility for each task to a specific advisor and specifies a date by which this action must be completed.

How can I get started with my business succession planning?

We offer a complimentary Exit Planning Consultation, please contact us to schedule an initial discussion.