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.
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.