Why Every Business Needs an Exit Plan—CPA Tips from Arty Palermo


What I would say in regards to the topic of exit planning is a lot of people want to decide to, let’s say, sell their business. Okay. And if they wanna sell it, if it’s a saleable asset, normally exit planning, we would plan three to five years in advance to make the company and do everything that we’ve been doing already.

Much more profitable and much more saleable. And the better you get the condition your of your business in. By the time it’s time to sell and exit, the more money you will get, you know, from the sale of your business. So exit planning to me is very strategic. It involves a lot of our referral partners, bankers, you know, investment bankers, you know, the estate attorney gets involved, the business attorney gets involved, and the financial planner, and in some cases you even hire a fractional CFO to run it, you know, or to get the company in a position to sell.

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