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And you don’t have to go it alone ENSURE THE DOLLARS MAKE Exiting your business can be the
when it comes to planning for your SENSE beginning of new and great things
graceful exit — talk to a financial When starting the business, you for you and the company you’ve
professional for a trustworthy, probably figured out, to the last built. With the right planning, you
knowledgeable resource to help you penny, what it would take to open can help ensure a successful future
along the way. the doors and keep the lights on. for everyone.
Now, do that process in reverse.
HOW TO EXIT YOUR BUSINESS Sweat the numbers. Realistically SOURCES: https://www.hrmorning.
SUCCESSFULLY determine what it will take to fund com/articles/65-awesome-stats-
Now that you have a business and your lifestyle and your goals when recruiting-retention/
you aren’t just working for yourself, you no longer have an owner’s
how will you exit your business? income. Registered Representative and
Financial Advisor of Park Avenue
Entrepreneurs are go-getters by EVALUATE YOUR BENCH Securities LLC (PAS), (OSJ) 677 Ala
nature, always looking for new ways How prepared is your management Moana Blvd Suite 720, Honolulu,
to grow the business. But what team for the big leagues and a HI, 96813. Securities products/
about that day—maybe soon, maybe future without you? Do you need to services and advisory services are
further down the road—when all increase their training? Expose them offered through PAS, a registered
that go-getting becomes letting-go? to different facets of the business? broker/dealer and investment
Are you ready—and is your business Or even recruit new talent? To help advisor (888.600.4667) Financial
ready—to manage that life change? their transition, start delegating Representative, The Guardian Life
Whether you are part of a family day-to-day responsibilities and Insurance Company of America
business or a sole proprietor, there give them time to grow into their (Guardian), New York, NY. PAS is an
comes a time when you think of responsibilities while you’re still indirect, wholly owned subsidiary of
leaving. Maybe it’s age. Maybe the around to guide them. Guardian. Wealth Strategy Partners
weight of routine. Maybe it’s an itch is not an affiliate or subsidiary of
to change careers. BUILD SUCCESS INTO PAS or Guardian. | CA Insurance
SUCCESSION License #0I36272 | PAS is a member
No matter the reason, it’s critical to
plan your transition as well as you’ve Nearly three-quarters of small of FINRA, SIPC | Neither Guardian,
planned the business. You certainly business owners do not have a nor its subsidiaries, agents, or
owe it to yourself: How will you formal succession plan. That’s risky employees provide tax or legal advice,
maintain your lifestyle and achieve for your business today (what if you nor, aside from providing general
financial confidence? And you also were to become incapacitated?) and informational material, offer guidance
owe it to the business: Who is the in the future. Ask us about some on the establishment or use of captive
right type of buyer to keep what tips on succession planning to help insurance companies. Clients should
you’ve built moving forward? Even you begin building a blueprint for consult with their own tax and legal
if you see yourself remaining active the future of your business. advisers with respect to establishing
for the foreseeable future, it’s never and structuring captive insurance
too early to start strategizing how to ENGAGE A FINANCIAL companies. Guardian and its
create the best outcome. PROFESSIONAL subsidiaries, agents, and employees
The tax and legacy planning are prohibited from receiving any
GET REAL ABOUT YOUR DREAMS considerations can be highly compensation in connection with
Maybe you want to start another complex when transferring the establishment or structuring
business. Retire and smell the ownership of a business. Reach of captive insurance companies,
roses. Maintain a part-time role. out to an experienced financial including referral fees for referring
Switch careers. You need to think professional who can review your clients to tax, legal or other advisers,
seriously about what you want to current situation and provide advice or compensation for providing general
do, and when and how you want on various strategies to reduce your information. How to Exit Your Business
to accomplish those goals. That tax exposure and optimize your Successfully: 2019-82274 Exp. 7/21
information sets the foundation for estate planning. Ask us about some | Can Your Business Survive Without
everything that follows: business tips on legacy planning to help you You? 2019-86352 Exp. 10/2021
succession planning, transition prepare for that discussion.
planning and financial and estate
planning.

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