Exit Planning Strategies: How To Get Real Value For Your Construction Company

by Rob

in LTK-LTG Seminar, Podcast Episodes

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Download the slideshow handout. Steve_Ball_HeadshotThe slides have been converted to a .pdf.

This program was recorded on April 23rd 2015. Our speakers were Mr. Stephen K. Ball CPA, CVA, CCIFP,  director of Gross Mendelsohn’s Construction & Real Estate Group and David Lanchak, CPA, CVA, CCIFP. The entire program is 53 minutes and 23 seconds in length.

Business owners often spend so much time pouring their blood, sweat and tears into managing their company that they forget to plan for the future.

When is the last time you asked yourself, “What is my plan for successfully exiting this business?” Or, “What will happen to my business once I’m gone?”

A construction contractor might choose to do one of several things as they exit the company. They could outright sell it to someone else, transition it to key employees, transfer it to family members or shut it down. There is no “one right way” to exit a business. It’s a personal decision for the business owner that should take into account multiple financial, legal, tax and personal issues.

Like many things in life, the more you plan your exit from your business, the more you’ll succeed. Taking steps now to plan your exit will undoubtedly help ensure a smooth transition later.

  • Looking ahead to retirement – what are your options?
  • Alternatives to outright selling your business
  • How to get paid out as you transition out of your business
  • Taking care of your employees – what’s next for them as you exit the business?

Contact – Steve Ball CPA, CVA, CCIFP is the director of Gross Mendelsohn’s Construction Group. He works with construction contractors on exit planning, succession planning, profitability and business valuation issues. Steve also provides audit, review, compilation, tax and consulting services to construction contractors.

Contact – David Lanchak, CPA, CVA, CCIFP

A Certified Valuation Analyst, David sees tremendous opportunities for clients when the right valuation is performed for the right purpose. When preparing business valuations, David most often works with clients who are developing a succession plan, buying or selling a business, planning an estate, or in litigation.

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