What is Transition Planning?
Transition planning is the operational roadmap for handing over leadership, relationships, and institutional knowledge from the departing owner to whoever comes next, […]
What are Succession Options?
Succession options are the specific paths available for transferring ownership of a business, to family, management, employees, or a third-party buyer, each […]
What is a Shareholders Agreement?
A shareholders agreement is a binding contract between the owners of a private corporation that governs their rights, obligations, and the rules […]
What is Risk Tolerance?
Risk tolerance in an exit planning context is the degree to which a business owner is willing to accept uncertainty, in deal […]
What is Retirement Planning for Business Owners?
Retirement planning for business owners is the process of building the personal financial resources needed to sustain the owner’s lifestyle after they […]
What is Post-Exit Planning?
Post-exit planning is the preparation for life after the business, covering personal financial management, wealth deployment, identity, purpose, and legacy in the […]
What is Phantom Equity?
Phantom equity is a compensation arrangement that gives key employees the economic benefit of ownership, a share of business value growth or […]
What is a Personal Financial Plan?
A personal financial plan is the comprehensive blueprint for how wealth, including business exit proceeds, will be invested, managed, and distributed to […]
What is Owner Readiness?
Owner readiness is the personal and psychological dimension of exit preparedness, whether the owner is genuinely ready to let go of the […]
What is a Management Buyout (MBO)?
A management buyout is a transaction in which the existing management team purchases the business from its current owner, typically using a […]
What is a Liquidity Event?
A liquidity event is any transaction that converts illiquid ownership in a private business into cash or marketable assets, a sale, recapitalization, […]
What is Legacy Planning?
Legacy planning is the process of defining what a business, its wealth, and its impact will represent after the owner is no […]