When Should I Start Transition Planning?

  • Manufacturing
  • 7/22/2021
CasualBusinessmanListeningtoCollegue

It's never too early to start planning for the transition of your business. What are your dreams and goals? Let CLA help you reach them.

It is never too early to start planning for the transition of your business. Whether you plan to transition to a family member, your management team, or an outside purchaser, you want to maximize the value of your business. This process takes a great deal of time, so let CLA help you get started.

Start Yesterday!

The transition planning process starts with you identifying your dreams and goals and then developing a plan to get there. Have you ever asked yourself these questions:

  • What are my options for exiting the business?
  • Is my spouse going to be OK if something happens to me?
  • Can I afford to retire and follow a new dream?
  • How do I answer those phone calls from potential buyers?
  • I’m pretty tired right now, so is this the right time?

Please join Samantha Metcalf and Lisa Horn as they start the conversation around business transition in this video. Stay tuned for further installments in our Owner Transition series.

This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.

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