Selling Your Business & Exit Strategies
Stonehaven can serve as a resource to help you develop and execute a truly customized plan for you and your business. We understand that business owners focus on pushing their companies forward. We realize they often do not have time to strategically manage their wealth, retirements, and/or plans for eventual monetization of their business designed to maximize their after tax dollar retention. In addition, we have seen that many business owners do not analyze the potential complications of transferring of their business to another generation, who may not have the desire and/or the proper training/personality to be an effective guardian of the family’s most valuable asset.
Frequently, closely held business owners do not focus on the inter-personal effects of their transfers on family dynamics, which often leads not only to the improper management of the wealth they have created; but it also often leads to the destruction of the family unit they worked so hard to benefit from it. Often they do not craft their exit strategies such that their eventual buyout is something they chose, but leave it to chance, forced upon them as “Hail Mary” attempt, that they must accept as part of a crisis intervention created by chance or urgency.
Many of the most sophisticated, effective techniques take years to properly execute. If a business owner waits until the need or desire to sell is eminent, restructuring a deal is often a negotiating lever against them. In addition, different transfer structures can lead to hugely different net after-tax proceeds.
On buyout, business owners are often very regretful that they did not plan sooner and quietly are upset that they missed an important strategy. Stonehaven takes a long view of business and are happy to work confidentially with business owners at any stage of their business and personal plan.
We also have extensive experience working with the families and future generations of closely held business wealth. We understand the elaborate trusts and business entities that are often part of the plan. In addition to portfolio management, multi-generational wealth transfer techniques, retirement plan design, business strategy, we have experience working with business owners in crafting what is “next” for them.
We will work with you to develop strategies designed to align your assets to your goals. In this way, we hope to help make your future as successful and rewarding as your past has been. We are happy to help you to determine appropriate liquidity tiers, so that you have the funds available to execute another venture, while still taking money off the table to create a safety blanket for you and your family. We also can work with you to help you implement your dreams — whether they are personal, for your family, or to effect social change.
We gain great joy from working with business owners, who are in the phase of their life where they can give back to the society. We approach charitable giving with great creativity and imagination as to what is possible and enjoy crafting plans to make it happen.
We are happy to develop a plan tailored to your unique set of circumstances, concerns, and dreams. Please do not hesitate to call us 978-430-0150.