Exiting your contracting business can be very taxing, besides emotional and intimidating. This complex process requires specialized advice from your accountant, tax advisor, attorney, business appraiser, estate planner, financial adviser, insurance adviser, plus more. Coordinating and understanding the disjointed advice can be overwhelming. An exit planner, like a architect, pulls all the disciplines together in one coordinated and holistic plan. The Contractor’s 60 Minute Exit Plan is an educational tool to be used by contractors as they begin the journey of exiting their business. It is written by two award winning exit planners who have helped dozens of business owners with the arduous task of exiting their business. It represents common sense advice by one contractor who walked down the exit path only to understand that the cookie cutter advice that was presented to his team of exiting partners unnecessarily cost them millions of dollars in excess taxes. Ouch. It also illustrates key areas of concentration that should be addressed by the exiting owners as presented by a seasoned professional having over two decades of experience helping business owners in various aspects of the transition including, value growth, tax saving strategies, risk management techniques and key financial planning decisions.
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