Selling a Business
The Situation
Steven has devoted his life to building up a thriving business. But now he’s finally ready to sell so he can pursue new opportunities and spend more time with his family.
Steven needs help navigating the sale, setting up a smooth transfer of ownership, and smartly reinvesting the proceeds.
He’s received a number of attractive offers on the business, but he’s finding it hard to let go. He thinks it would be easier if he had a clear plan. As it stands, he’s unsure what his exit costs or tax liabilities will be. And he doesn’t know what he should do with the windfall.
Steven needs help navigating the sale, setting up a smooth transfer of ownership, and smartly reinvesting the proceeds.
How JJ Burns Can Help
Your business represents an enormous investment of your time and talents—and it’s almost certainly your biggest asset. Whether your goal is to sell your business outright, sell an ownership stake, or keep it in the family, you need a solid succession plan and exit strategy—and a plan for what’s next.
JJ Burns can guide you through the sale and prepare for a smooth transition. We collaborate with you and the legal and tax professionals on your team to identify your options, analyze the financial ramifications, and ensure you’re ready to take this big step.
We help you:
- Coordinate with an experienced accountant or other qualified advisors to accurately value your business
- Review all tax variables with your accountant and structure the sale to minimize tax liability
- Work with your legal team to review all buy-and-sell agreements and important business documents
- Exit the business on your own terms and timetable—with transition needs factored in
- Plan for the next step—whether it’s retirement or another venture
- Invest your proceeds wisely, based on your new long-term goals
Interested in learning more about how we can help you sell your business and start a new adventure? Call us at (631) 390-0500 or send a message to set up a complimentary phone consultation.