Exit Strategies & Succession Planning

exit succession planning consultants albuquerque new mexicoWho will run the business after you retire?

Exit strategies and succession planning can mean the transferring of a life’s work to family heirs, the handing down of a business to key employees, or the positioning of a company for sale. There are many considerations involved in finding the right succession plan for your situation.

True North Business Navigation Professionals explain the options and help you decide what is best for you, for your company, for your employees, for your customers, and for the future.

EXIT STRATEGIES

True North exit strategies include a plan for the transfer of ownership of your business when it comes time to hang up your hat and retire. In addition, True North can help you plan for the unexpected – financial hardship, injury, disability and even death.

SUCCESSION PLAN

There is no “one plan fits all” when it comes to developing a succession plan for your business. True North exit strategy experts work with you to develop a succession plan that delivers peace of mind knowing your life’s achievement is in good hands.

RETIREMENT PLAN

Clients rely on True North exit strategy services to find the right retirement plan for business owners and their employees. From disability and life insurance options, to Employee Stock Option Plans, your True North Business Navigation Professional helps you find the right path to retirement.

LOCATING BUYERS

  • Family members
  • Existing partner(s)
  • Coworkers
  • Transfer to employees
  • External business buyers (strategic and financial)

NEGOTIATING

  • Price
  • Terms
  • Non-Compete¬†Agreements
  • Hold Harmless¬†Agreements
  • Hold Back Provisions
  • Reps and Warranties
  • Consulting/Employment Agreements
  • Lease Agreements
  • Environmental Phase I Requirements

CLOSING THE SALE

  • Ownership Transfer
  • Process and Timing
  • Control Transfer
  • Process and Timing
  • Positive Transition for Employees, Customers, and Suppliers
Now is the Time to Plan Your Exit Strategy

Contact True North Business Navigation Professionals