Exit planning, when it comes to sale of businesses is how you, as a business owner, plan to sell your business to minimize taxes paid for the value of the sale, and maximize the sale price of your hard-earned successful business. When you begin this process of selling your business, it’s best to have a broker in your corner that can help you navigate all of the complicated implications of transferring your business to a new owner. Exit planning takes care of the legal transfer of private businesses from one individual to another. Whether you are the sole owner of your business, or you have multiple owners, this process is very complex and takes some time.
Brokers can help you put together a plan to maximize the selling price of your business and minimize the amount of taxes you will have to pay once you sell and declare the income. Throughout this process, it pays to have a broker with experience in the transfer of businesses in your state because different states have different tax codes and rules about property and business transfers. Brokers can also create successful auctions for your business, increasing its value.
Paul Olsen Denver is a business broker with over 25 years of experience working with business owners creating value for their businesses and helping owners sell their businesses with the least amount of hassle and taxes owed back to the government. Paul Olsen spends many hours on all of his clients to ensure that they get the best price for their business.