The Construction Process : Inside / Outside Sale
With your team assembled and goals defined , it ' s time to start building .
Here ' s a basic outline of the process : 1 . Valuation : Determining the true worth of your business . 2 . Financial Planning : Analyzing potential deal structures and aftertax cash flow . 3 . Exploring Exit Options : Considering inside sales ( to employees or family ) or outside sales ( to third parties ). 4 . Growth Strategies : Implementing plans to increase your company ' s value before the exit . 5 . Tax Planning : Putting measures in place to minimize income and estate taxes . 6 . Personal Financial Planning : Ensuring your personal finances are ready for the next chapter .
Throughout this process , we ' ll hold regular meetings to review progress and make any necessary adjustments . Think of these as regular inspections to ensure your exit strategy is on schedule .
The Final Touches : Exiting with Confidence
As we near completion , we ' ll focus on finalizing the details . This might involve working with investment bankers for an outside sale or structuring financing for an inside sale . The goal is to ensure a smooth transition that honors your legacy while setting up the business for continued success .
Building Together : The Rea Advantage
At Rea , we understand that no two succession plans are identical . Each brings its own challenges , opportunities , and rewarding milestones . That ' s why we approach every exit planning project with fresh eyes and innovative solutions .
Our team builds lasting relationships with you - we ' re your partners in this journey . We bring a blend of heartfelt sincerity , resilience , and an inherent commitment to your success . We see beyond the balance sheets to the heart of your business story .
With decades of experience guiding businesses through successful transitions , we ' ve seen the highs and lows . We ' ve helped clients navigate complex tax laws , challenging market conditions , and emotional family dynamics . This wealth of experience means we can anticipate potential pitfalls and help you avoid them .
Your Next Chapter Starts Here
Succession planning isn ' t just about ending one chapter - it ' s about beginning the next . Whether that ' s a comfortable retirement , a new business venture , or focusing on philanthropy , we ' re here to help you build that future .
The business world is constantly evolving , and so are the opportunities and challenges that come with it . By starting your succession planning now , you ' re actively shaping your future . Every day you wait is a day you could be using to increase your business ' s value , optimize your tax position , or align your team for a smooth transition .
Let ' s create a succession plan that ' s as unique and successful as the business you ' ve built . The sooner we start , the more options and opportunities we can explore together . Reach out today and take the first step towards securing your business legacy and your personal future .
Paul Weisinger CPA , ABV , CVA , CEPA
Principal , Director of Valuation & Transaction Advisory Services Rea & Associates paul . weisinger @ reacpa . com ( 216 ) 573-233
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David Shallenberger , CPA
Principal , Tax Services Rea & Associates david . shallenberger @ reacpa . com ( 234 ) 249-3455