Exit Planning | Herbein + Company, Inc.

It’s inevitable: every owner will eventually leave their business. Here at Herbein, our advisors help ensure the protection of your business for you and your family, both now and in the future.

Our team works closely with you to develop a tailored exit plan that best fits your needs, and assists in managing a smooth transition between you and the future owners. During personalized consultations, we delve into your business specifics, discuss the customized planning process, and identify solutions that benefit all stakeholders.

Common reasons to create an exit plan include:

You plan to retire but have no successor
Your potential successor needs more training
You want to minimize taxes
You are not financially independent of the business
Your potential successor does not have the financial resources necessary to acquire your ownership interests

Navigating the Exit Planning Lifecycle

Understanding the exit planning lifecycle is crucial for every business owner. A recent survey highlighted by the Harvard Business Review found that 70% of small business owners had spent little to no time on creating an exit strategy. This underscores the critical need for strategic management and planning at each phase to maximize business value and secure personal financial security. From the inception of your business to the day you decide to step away, each stage requires careful consideration and planning

Our advisory services provide comprehensive support through all these critical stages:

Estate Planning: Secure your legacy with tailored estate management strategies.
Business Planning: Build a solid foundation with strategic business insights.
Tax Planning: Optimize your financial outcomes through meticulous tax strategies.
Exit Planning: Seamlessly transition with our expert exit planning.
Succession Planning: Ensure business continuity with a clear succession roadmap.
Retirement Planning: Plan for a comfortable retirement with foresight.
Financial Planning: Achieve your financial goals with personalized planning.