Service Business Exit Case Study

Business Owners

“My business is service related, and I am worried when it comes to retiring there won’t be an option to sell the business or transition it to new owners. How can I ensure I am financially ready for retirement independent of my business entity?”

The Situation:

  • Dan, age 48
  • Business with great cash flow but unknown value

Dan has concerns that he won’t have options to extract value out of his business when he retires. He wonders if he is doing the right things to become financially independent from his business and retire when and how he wants to.

The Solution:

Payne Wealth Partners would recommend preparation of a written wealth plan that helps Dan maximize the performance of his business. This will allow him to accumulate assets outside of his business value that he can use to fund his retirement. His exit plan would address:

  • Balance sheet risk management considering his business entity
  • Developing more tax-efficient savings strategies
  • Cash flow analysis and prioritizing the use of free cash flow
  • Coordinating with Dan’s CPA on income tax minimization

With this plan Dan will be able to make more informed decisions with the comfort of knowing he doesn’t have to rely on a sale of the business to live the life he looks forward to in retirement.

Disclaimer – These case studies are for illustrative purposes only. They are not based on a particular client’s circumstances and are not personal advice. As this information has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances. You should seek assistance from your financial adviser before acting on this information.

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CASE STUDIES

Life Transition

The bulk of my wealth is tied up in my business, and I know it cannot be left to risk. How can I transition from being a business owner to my next phase in life on my own terms?

Cash Flow Management

Determining how to prioritize cash is perplexing considering all we are balancing: college funding, maintaining a comfortable lifestyle, preparing for retirement, making debt payments for our business and real estate loans and keeping cash available for projects to help our business continue to grow.

Service Business Exit

My business is service related, and I am worried when it comes to retiring there won’t be an option to sell the business or transition it to new owners. How can I ensure I am financially ready for retirement independent of my business entity?

Service Business Exit Case Study September 13, 2012

Contact Our Offices

Payne Wealth Partners, Inc.
Keystone Financial Consulting
601 N Cross Pointe Blvd
Evansville, IN 47715
Phone: 812-477-6221
Toll Free: 888-477-6221
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