<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=840947044643363&amp;ev=PageView&amp;noscript=1">
Skip to content
perpetuation_icon

Perpetuation Planning

Protect Your Legacy with Business Exit Planning

What’s your end game? Are you looking to sell the business to family members? Do you want to hand the business to your key employees? Are you looking for a larger company to buy the business?

Understanding the purpose behind what you’re building will allow you to make decisions now to help get the best possible end result.

For many business owners, your business makes up the majority of your retirement plan. If you’re not prepared to get the full value you deserve upon your exit, it can throw off your entire retirement income plan and leaving you paying way too much in taxes.

Don’t put off the conversation until it’s too late to properly plan. There are steps you can take five to 10 years before you’re ready to sell that will drastically increase your valuation, reduce your tax burden – and help you thrive in retirement.

Why Start on Your Perpetuation Plan Today

retirementsavings

Maximize Retirement Savings

By starting the perpetuation process five to 10 years in advance, you’ll know about how much you’ll have for retirement and can plan your retirement income and tax liability accordingly.

protectpurpose

Protect Your Purpose

When you own a business, you can’t just wake up and decide to retire – too many people depend on you to lead that business. With a perpetuation plan, you can ensure your employees are protected when you decide to step away.

maxvaluation

Understand Your Valuation

There are dozens of factors that go into a business valuation. We will walk you through everything you need to understand, and steps you can take today that may significantly increase that valuation and ability to find a buyer.  

preparebuyer

Prepare Your Buyer

Let’s say your business is worth $2 million. If you plan on selling the business internally, either to a family member or internal employees, it’s rare that the individuals will have the liquid assets available to make the purchase. We help connect your buyers with financing options that work for them, or help structure a deal that allows them to buy you out over time.

taxburden

Reduce Your Tax Burden

How you structure the sale of your business can drastically alter your tax burden. Slowly taking chips off the table or structuring the business in strategic ways can help you retain a larger share of the business’ value.

businesscontinuity

Continuity Planning

If you were to get hit by the proverbial bus tomorrow, what would happen to your business? What about your family, who is reliant on the income and future sale of the business? Get a buy/sell agreement in place as soon as possible if you don’t have one. 

Key Questions to Ask Yourself

  • Do I plan to retire in the next 10 years?

  • What do I want to do with the business?

  • Do I have a successor who’s ready to take over?

  • Does my successor know I plan to sell them the business one day?

  • What is my business worth?

  • What steps can I take to improve my valuation?

  • What buyout options are available?

  • How can I start taking chips off the table today?

  • What legal documents are required to get the deal done?

Risk Management Scenario

A business owner is 58 years old and wants to retire at 65. They know they want to sell the business to three key stakeholders one day but aren’t sure on the valuation or how the three key employees will pay for their share.

Your risk advisor can connect you with a wealth advisor or Certified Exit Planning Advisor, who will meet with each individual. Together, you’ll determine a plan for the key stakeholders to buy out the business and for you to successfully move into retirement. The advisors will help your team do a proper business valuation, connect your stakeholders with financing options, and help you efficiently plan your retirement income and investment options.

Risk Management Scenario

A business owner is 58 years old and wants to retire at 65. They know they want to sell the business to three key stakeholders one day but aren’t sure on the valuation or how the three key employees will pay for their share.

Your risk advisor can connect you with a wealth advisor or Certified Exit Planning Advisor, who will meet with each individual. Together, you’ll determine a plan for the key stakeholders to buy out the business and for you to successfully move into retirement. The advisors will help your team do a proper business valuation, connect your stakeholders with financing options, and help you efficiently plan your retirement income and investment options.

Latest Insights

Ellerbrock-Norris Guidebook

Protect Your Purpose

See if Ellerbrock-Norris is a fit for your business with our 60-plus page guidebook on how we help you Protect Your Purpose.

Get Started Today

Whether you're looking for business insurance, group benefits or business exit planning, we're here to help. Simply fill out the form below and we'll reach out to get process started.