Business Exit Planning

All business owners realize they will eventually transition the leadership of their business, but they often don’t know what to expect or how to prepare. They are faced with tough decisions such as whether their management team, family members, an ESOP or a sale to a third party will produce the best outcome. Our Business Exit Planning process provides education and advice on the following key issues every business owner eventually faces:

How to exit, who will help, and what needs to be done before the process begins
Safeguard the interests of their family, their business, and their ownership
Grow their retirement assets and the enterprise value of the business
Prepare the management team and the company for the transition
Plan and prepare for the income and estate tax impact of the exit

Ideally, we start working with businesses three to five years before a planned transition because many of the significant parts of the process need time to materialize. Through financial modeling, our clients are able to pre-experience the results of their plan, giving them confidence in their decision to exit the business and align their personal wealth goals with the goals of the business.

Succession Planning

Business Succession defines how business owners transfer their ownership, typically to an “Internal Candidate” – someone from within the enterprise who is capable of continuing the business and who has experienced the successes and struggles of the business first hand. Business owners often find they are not well prepared for the complexities of carrying out a smooth transition. We understand that the needs and strategies for this kind of transfer can differ from other kinds of planning, and we work closely with business owners to prepare well in advance for their eventual succession.

A smooth transition in Family Business situations may require complex structuring to solve the needs of the family. We address the compensation and wealth transfer issues of providing for children and grandchildren of both active and inactive family owners in the business. If there are no family successors, we can advise on the structure of a sale to a third party with the goal of minimizing income, gift and estate taxes while meeting the family wealth goals.

Buy/Sell Planning

Expect the unexpected is a mantra many business owners are familiar with. The unexpected loss of an owner to death or disability can be devastating to the business and its employees. We help business owners prepare for the unexpected to allow for a smoother disposition of the business on their untimely death or disability. Such preparation can help preserve the value of the business they worked so hard to build and can also safeguard their employees in an uncertain time.

Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC*. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Kestra IS or Kestra AS are not affiliated with King Financial Corporation. King Financial Corporation does not offer tax or legal advice. Investor Disclosures: https://www.kestrafinancial.com/disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact our Compliance Department at 844-5-KESTRA (844-553-7872). The web site links referenced are being provided strictly as a courtesy. Neither us, nor Kestra IS or Kestra AS are liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of the links provided.