Carleton McKenna presents on Exit Planning at the Ohio Society of CPAs 2013 Business Valuation Conference in Columbus, Ohio. The presentation, which is included below, addresses how to maximize business value through pre-transaction readiness.
According to numerous surveys, more than half of business owners intend to transition ownership of their business during the next 10 years. Yet most business owners do not have a formal strategic or financial plan, and many are unaware of the possible tax and estate implications. As a result, there is a real need for business exit planning. A robust exit plan will help chart a course toward extracting maximum value from the company to reach the seller’s goals.