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Business Advisory Services

Most business owners are so busy doing what’s necessary to be successful that they have not prioritized planning ahead for an eventual transition. We can help.

Every business owner will leave his or her business at some point, voluntarily or otherwise.

The Trust Company of Tennessee offers business advisory services to assist owners of privately held businesses plan for succession and provides a specialized readiness assessment to help determine preparedness and create a road map for success.

Some common concerns we help address are:

  • Maximizing the value of your business in preparation for transition
  • Preserving the value of your business through developing or holding onto key employees
  • Unlocking the Value of your business for the “third act” of life
  • Risk mitigation
  • Tax implications
  • Estate Planning
  • Financial Planning

At its core, exit planning is about control for business owners in terms of when to transition and do so in a way that is advantageous for both the owner and successor. Exit and/or succession planning addresses business, personal, financial, legal and tax implications and provides clarity for the current business owner, employees and the intended successor.

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Our Specialists

Sheryl Linck, CEPA, CExP

Certified Exit Planning Advisor (CEPA) Sheryl Linck and the team at The Trust Company of Tennessee can guide you through the complex maze of transition planning, which increases the likelihood of leaving your business on your terms – when you want, for the money you need and to the person or people you choose.

Are you prepared for business transition?

The specialized assessment focuses on the four key areas of operations, finance, planning and profit/revenue. This assessment is offered at no cost and without obligation.

TAKE OUR ASSESSMENT

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Presentation Topics

The Trust Company of Tennessee offers experts to address the topics below at business, civic or community group meetings.

  • Increasing Business Value: Increase value by utilizing measurable business characteristics such as:
    • Stable and motivated management team.
    • Proven growth strategy.
    • Sustainable revenue and increasing cash flow.
    • Diversified customer base.
    • Documented system of internal controls and financial reporting
  • Preserving Business Value: As a business grows, these are actions an owner takes to sustain value and operations. Value preservation enables the business to mitigate risk and can include:
    • Key employee retention, including compensation incentive plans.
    • Business asset protection, such as specific internal policies and procedures.
    • Business continuity planning to best address challenges and unforeseen events.
  • Unlocking Business Value: Three elements are essential to unlock a business’ value.
    • Estate planning: Comprehensive estate planning provides a clear picture for an owner’s estate to be transferred, ensuring personal, family and business goals are achieved.
    • Financial planning: Well-documented financial planning generates a road map of current and future financial needs and addresses any resource gap.
    • Owner’s third act: As a business owner transitions out, personal financial and non-financial goals provide a clear picture for life post-ownership.

The Trust Company of Tennessee does not charge a fee for speaker presentations. We request at least four weeks of advance notice for scheduling. To request a speaker for an upcoming program, submit the preferred presentation topic; name of the group; meeting location, time and duration; number of anticipated attendees; a description of the organization’s membership; and a phone number and email address of a primary contact.

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