Toward the Unknown…
Click to download Olympus Tax’s white papers on the important subjects below. We’d be happy to discuss these topics with you in more detail. Contact Us to learn more.
Business owners sometimes assume that an expert business valuation is an unnecessary expense. However, an expert valuation can be the difference between exiting when they want and needing to stay in the business long past their desired departure date to get the cash they need for financial independence. This white paper provides five reasons why a business owner needs to get an expert valuation if he or she wants to exit the business in style.
Strong businesses typically implement strong business plans. Likewise, strong business exits are typically the result of implementing strong Exit Plans. Exiting a business is only as difficult as an owner makes it, but which difficulties should owners be aware of as they exit? This white paper will discuss three major headwinds in an owner’s exit and provide potential solutions to cutting through the headwinds on their way to a breezy business exit.
Incentivizing employees, especially management, to remain with the business after the owner leaves is a critical piece of the Exit Planning puzzle. This white paper will explain why employee incentive plans are important and offer several incentive plans that can keep the most important employees with the company after the owner has exited.
When business owners start to think about exiting their companies, the number of possible Exit Paths can seem limitless. In reality, there are only eight. This white paper will guide owners through each Exit Path and help them determine which Exit Path might be best for their unique situations.
This white paper is dedicated to the owner seeking to exit his or her business in style. Acquiring other businesses is a tool that business owners use to grow their own businesses, and this white paper will present several ways that acquiring businesses can be a key cog in a successful exit.
This white paper describes 10 deal pitfalls (in no particular order) that each have the capability to derail a deal, some more effectively than others. All of these pitfalls are fairly common, although some owners are prone to fall into more pits than others. Before and throughout your Exit Planning Process, refer to each of these pitfalls to assure that you don’t fall into them. Avoiding these pitfalls will allow a smooth exit on your terms.
Exit Planning for family businesses creates its own set of unique challenges and rewards. While each family’s situation differs, the transfer plans we can design are founded on three basic principles:
We must ensure that the parents’ post-business life is financially secure.
It is important to create a fair way for children to receive ownership interest and other assets.
We emphasize the need to keep parents in control of the company until they have attained financial security and until the successors are fully equipped to run the company successfully.