During the webinar, we will talk about our client – a closely held business owner – who thought that his only option was to sell to an external, third-party buyer.
Upon examining this option, however, we uncovered that he was not going to meet his long-term financial goals. Through working with BTA and developing a comprehensive Business Transition Plan, the owner is now transitioning his business internally to the next generation. This will enable the owner to reach his financial and non-financial goals in a tax-efficient manner, maintain business continuity, and preserve the legacy of this family business.
An internal transfer or sale may provide a better option for owners than an external sale in order to achieve their financial and non-financial long-term goals. There are many benefits of selling your business internally that should not be overlooked, including:
Insiders already know the business, which means less disruption and a smoother transition.
Owners can negotiate a level of involvement that fits with their own personal goals.
Internal sales may be structured in a more tax-efficient manner that minimizes owner risk and keeps more of the proceeds in the seller’s pocket.
Loyal partners, employees, or family members are more likely to carry on the seller’s legacy than outside buyers would.
During the webinar, we will also cover key steps for planning a successful transfer, important decisions that you will need to make, possible transaction structures and their pros and cons, tax implications, and more.
Many business owners would prefer to see their businesses go to someone they know but they are not sure how to accomplish it. If you’re thinking about selling to an insider, whether it’s a family member or key manager, and are not sure financially how to achieve such a transfer, Business Transition Academy can help! You owe it to yourself, your family, and your company to attend this one-hour educational webinar and learn about the transfer options available to you.
At Business Transition Academy, we help business owners achieve their goals by helping them plan for the biggest financial transaction of their lives. Business Transition Academy offers webinars, video training, and in-person retreats for business owners. These resources are all about helping owners determine which strategy will work best for them, increase the value of their businesses and plan a successful transition that is on their terms and timeline. Don’t leave your business transition to chance. Chart your course to success! You can learn more at BusinessTransitionAcademy.com