Whether it’s called Exit Planning or Succession Planning, 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
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