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Exit Planning & Support

As a business owner, it is crucial to plan for the eventual exit or sale of your business. With our extensive experience and expertise, we can provide you with the necessary guidance and support to help you achieve a successful exit strategy.

What is Exit Planning and Support?

Exit planning involves preparing a business owner for the eventual sale or transfer of their business. Our approach is to provide a comprehensive analysis of your business, identify areas for improvement, and create a customized plan that aligns with your personal and business goals. Our goal is to maximize the value of your business, minimize taxes, and ensure a smooth transition of ownership.

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Why is Exit Planning Important?

Exit planning is essential for several reasons. First, it allows business owners to maximize the value of their business and minimize taxes, resulting in a more significant return on investment. Second, it provides peace of mind, knowing that there is a plan in place for the future. Finally, it allows for a smooth transition of ownership, ensuring the continuity of the business.

What are the Benefits of an Effective Exit Strategy?

An exit strategy offers several benefits for business owners. By devising a strategic exit plan, you can protect your family from unnecessary decision-making and tax burdens. Like estate planning, an exit strategy ensures that your spouse or heirs will be safeguarded in the event of your departure. This can include considerations such as minimizing tax liabilities and maximizing financial benefits.

Additionally, having an exit strategy can help you achieve your retirement goals. You’ve worked hard to build your business, and it’s crucial to ensure that you can reap the rewards of your hard work. Whether you’re looking to maximize the value of your business or create a passive income stream to fund your retirement, having a well-designed exit strategy can help you achieve your financial goals.

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A comprehensive exit strategy also involves transition planning. By considering the needs of your employees and Board of Directors, you can ensure a smooth business transition. This creates certainty and stability during the transition period and provides peace of mind for everyone involved.

Finally, an exit strategy can help you maximize the value and growth potential of your business. Whether you’re planning a $20M acquisition or aiming to grow your business aggressively, implementing tangible steps to improve your financials and cash flow forecasting will improve your outcomes. By ensuring your business is financially sound, you’ll be better positioned to achieve your goals and maximize the value of your business.

3 Types of Exit Strategies

Different types of exit strategies can be considered when planning to sell or leave a business. Below are some of the most common types of exit strategies that business owners can choose from:

Mergers and Acquisitions (M&A)

This is the most common exit strategy and it offers several benefits to investors, founders, and equity-holding employees by providing a direct return on investment in a lump sum. To achieve the maximum acquisition value for your exit, consulting services from experts in mergers and acquisitions can be helpful.

Initial Public Offering (IPO)

In this type of exit strategy, a privately-held company becomes a publicly traded one. A bank will help set the value of the company’s shares, and the company will rely on the market to drive the value up even further. Accurate financials are essential for SEC approval, as IPOs have strict requirements that accompany the process.

Liquidation

While not ideal, liquidation may be the only option if there is a lack of strategic exit planning or if there is no robust market for M&A, IPO, or succession. However, with proper exit planning, the likelihood of liquidation as the only option can be minimized.

Exit Planning Process


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To ensure a successful transition, the exit planning process involves understanding the goals of the business owner(s). One of the first steps in the exit planning process is to gain a complete understanding of the owner’s objectives. This understanding guides the entire process and helps to ensure that the final plan aligns with the owner’s goals.

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After setting goals, the next critical step in the exit planning process is to determine the true value of the business. Establishing the business valuation is a crucial step after setting goals, as it determines whether the exit objectives can be reasonably met. This valuation helps to ensure that the owner receives a fair price for their business.

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A crucial part of the exit planning process involves creating customized plans to build and preserve the value of the business over time. A critical part of the exit planning process involves creating customized plans to continue building the business’s value over time. This helps to ensure that the business is in the best possible position for a successful transition.

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Depending on the owner’s goals, the next step in the exit planning process may involve preparing for a sale to a third party or a transfer plan to management or family members. Depending on the owner’s goals, the next step may involve preparing for a sale to a third party or a transfer plan that keeps them in control of the business until the entire purchase price is received. This can involve coordinating with potential buyers or preparing the next generation of leaders to take over.

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In the exit planning process, it’s important to create a contingency business plan that considers unexpected circumstances and mitigates risk. It’s important to consider what would happen if the owner is unable to transfer or sell the business. A plan must be put into place to mitigate this risk and ensure that the business can continue to operate successfully in the event of unexpected circumstances.

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Coordination with the owner is necessary in the exit planning process for financial planning and estate planning to make their goals a reality. As part of the exit planning process, coordination is done with the owner to make their goals a reality. This can include financial planning to maximize the owner’s financial outcomes and estate planning to ensure a smooth transition of assets to the next generation.

By following these steps, business owners can ensure a successful exit and achieve their desired outcomes. It’s crucial to work with an experienced team of professionals who can guide you through each step of the process and help you maximize the value of your business.

Our Approach to Exit Planning and Support

Our approach to exit planning and support involves several key steps. First, we conduct a comprehensive analysis of your business, including a review of financial statements, tax returns, and other relevant documents. Following the analysis, we identify areas for improvement and develop a customized plan that aligns with your personal and business goals. From there, we provide ongoing support throughout the implementation process, ensuring that the plan is executed correctly. Finally, we provide ongoing support after the sale or transfer of the business, ensuring a smooth transition of ownership.

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Benefits of Working with Sassetti

Working with Sassetti provides several benefits. First, we have extensive experience in exit planning and support, ensuring that you receive the highest quality service. We provide personalized service, ensuring that your plan aligns with your personal and business goals.

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Meet The Experts

Our team has spent considerable time problem-solving a variety of industries. Their expertise is unmatched and they are driven and excited about new challenges.

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Eric Franklin

Senior Tax Manager

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Shawn Carter

Partner

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Susan Penno

Partner

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