Did you know that as the Baby Boomer generation approaches retirement age, over 7.7 million business owners will exit their businesses over the next 10-15 years.
Some estimate that these businesses represent over $10 trillion in wealth. Sadly, studies by MassMutual, PriceWaterhouseCoopers, Marquette University and others show that 75% of these business owners have no idea how to handle what will perhaps be the single most important financial decision of their lifetime.
This demonstrates a tremendous need for exit planning.
What is exit planning? Exit planning is a comprehensive and integrated approach that helps business owners address all of the
- personal
- legal
- estate and
- tax issues involved in exiting a privately held business.