Master Your Business Succession Planning | 2024 Checklist
-
Evensky & Katz / Foldes
Planning for the sale, disposition, or succession of your business is a crucial yet often challenging task. Many business owners recognize the need but find it difficult to take the first step. This checklist is designed to guide you through the essential considerations and help you develop a comprehensive exit strategy.
Key Considerations Include:
- Identifying a Successor: Determine the best person to take over the business.
- Business Valuation: Explore strategies to enhance the appraisal and valuation process.
- Buy-Sell Agreement: Develop a fair and effective buy-sell agreement for all parties involved.
- Tax and Estate Planning: Understand how your business impacts your tax and estate planning goals.
Use this checklist to navigate the complexities of business succession and ensure a smooth transition.
Categories
Recent Insights
-
Hobbies in Retirement: Planning for the Everyday
When we talk about planning for retirement, the conversation almost always starts with the finances. Do I have enough saved? Will my income be reliable? Can I travel, help family members, or give generously? Those are important questions. But there’s another one that tends to get pushed aside—and it may matter just as much: What…
-
The Rise of Financial Independence for Women: Rewriting the Rules of Wealth and Retirement
For generations, financial planning followed a fairly predictable script: get an education, build a career, get married, raise a family, then retire. Today, that script is being rewritten. Women are marrying later than previous generations, and a growing number are choosing not to marry at all. As a CFP® who spends most of my time…
-
Talk Your Chart | Tariffs, the Fed’s Next Move, and Lessons From the Dot-Com Bubble | Ep. 80
In Episode 79 of Talk Your Chart, Marcos and Brett break down the market’s rare pullback, as they talk through the latest jobs report, interest rates, and what could pressure markets next. They also dig into the durability of the AI boom, South Korea’s rise as a global equity market, and how massive IPOs like…
-
Plan Intentionally: Designing Retirement Around the Moments That Matter Most
Retirement planning has always been about more than numbers on a spreadsheet. At its core, it is about securing the freedom to live with purpose, stay connected to the people who matter most, and show up for life’s real moments when they matter most. Too often, conversations about retirement become consumed by growth rates, projections,…
-
What Lubbock Quietly Teaches About Wealth
After years of working with families in Lubbock, we’ve come to appreciate something that rarely gets said out loud: wealth is not just what you accumulate. It is what your environment allows you to keep, experience, and enjoy. And in that sense, Lubbock has a way of teaching lessons that extend far beyond financial planning.…
