How does a business owner get started with the planning process?
Business owners should create a team of experts to help them navigate through the process. Oftentimes, owners will have one or two trusted advisers, but it’s better to have a collaboration or team consisting of an entire cast of the major players: a tax adviser, a CPA, a qualified estate-planning attorney, investment banking professional and a knowledgeable financial adviser who specializes in creating exit strategies for owners. Each specific expert looks at this issue from his or her own perspective and, when all of these advisers work together, a business owner can feel confident that all angles were considered and the most informed decision possible is being made.
