Business Owner Looking To Monetize
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BUSINESS OWNER LOOKING TO MONETIZE
A business owner came to us after reviewing an offer to purchase his business.
THE SITUATION
- Successful business owner with around 50 employees
- Accumulating a lot of cash in bank; no clear investment strategy
- Not sure what financial resources are needed for the rest of his life
- Unsure of whether it's a good time to sell his business, or good enough offer
OUR APPROACH
- Developed a long-term cash flow plan to project retirement income needs and the pros and cons of different payout methods
- Analyzed the risk associated with timing of the sale relative to the current business cycle
- Worked with his business and personal tax advisor to accurately reflect a hypothetical sale in the financial plan
SIGNIFICANT RESULTS
- Recommended to sell the business at this time
- After monetizing the business, the investment company implemented a robust investment plan
- Sound estate plan in place adhering to clients' wishes
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