2018 Exit Planning Report
Zangari Cohn Publishes Third Annual Exit Planning Survey
In addition to death and taxes, there is one more sure thing for business owners (including those that would describe themselves as family business members or entrepreneurs) – exiting your business. Exit planning is an important part of each business owner’s strategic plan, and should be addressed internally, and with trusted advisers on a regular basis. In an effort to help clients understand these issues, and to be more prepared to help our clients, Zangari Cohn has teamed with VR Business Sales – New Haven and Marcum LLP to survey Connecticut business owners on their exit planning. The CT Business Owner Exit Planning Survey for Year End 2018 has been published. Please view, print or download a copy here:
CT-Exit-Planning-Survey-Report-2018
Owners who clearly understand how to prepare for an exit, and actually do the planning, will be better off than those who do not. Exit strategies consist of a variety of ways to maximize and or effectively transfer business assets; these can range from pursuing succession planning to the next generation in a family business, selling to current management, or selling to a private equity group or some other third party.
If you are not sure if you will be able to live and run the business forever, and want to discuss how to begin preparing for a future exit, reach out to your advisors to help you through that process. We would be pleased to help you, should you wish.