Porte Brown logo
Nexus Checkup
Client/Payment Portal
Porte Brown Wealth Management

Exit Planning & Business Transition

Having the right information at hand.

Knowledge is power when it comes to understanding the value of a business or property. Whether it is for a business acquisition, an exit strategy for retirement, or a property settlement, having the right information on hand can mean a world of difference when it comes to planning your future. Porte Brown LLC has highly qualified CPAs who can assist you when making one of the most critical and complex decisions of your life. We help our clients take a proactive approach, so they have all of the relevant information on hand before a decision needs to be made.

Have you signed up for our new Exit Planning Webinar series?

New ExitSmarts Webinar Series
Sign Up Today

Are You Ready to Make a Successful Exit?

If you are considering transitioning out of your business, whether for growth or eventual retirement, Porte Brown can help you achieve your long-term goals. We have a CEPA (Certified Exit Planning Advisor) that leads our experienced team in complex partnerships, including those involving family relationships. As members of the BEI Network of Exit Planning Advisors™ we know how to guide you to your successful exit. Using a systematic Exit Planning process developed over the last 25 years, you decide:

  • When you wish to leave your business
  • What amount of cash you need when you exit
  • To whom you want to transfer the business

Our Exit Planning and Business Transition services include advising clients on mergers and acquisitions, conducting due diligence and developing and executing estate, trust, and exit planning strategies. The transition planning process can include several components, from identifying your personal, business and financial goals to optimizing tax strategies and developing a plan of action to ensure that your business is transferred according to your terms. Porte Brown’s team of advisors take a personalized approach for each of our clients. This ensures that your plan is specific to your business’ unique circumstances and is tied to your exact goals, objectives, and concerns. Only after listening to your answers do we begin to create your unique business Exit Plan.

Services include:

  • Buy/Sell Agreements
  • Value Driver Analysis
  • Asset Gap Identification
  • Contingency Planning
  • Tax Planning & Compliance

3 Elements of a Successful Exit

  1. A Road Map - Exit Planning is a process that helps owners decide where they want to go as well as how to get there.
  2. Experienced Guides - Owners must assemble a team of trained and experienced advisors to guide them through the many choices and decisions they face as they work toward their exit goals.
  3. Implementation - Success depends upon a disciplined implementation timetable keyed to an owner's Exit Plan strategy.

Without experienced advisors, an Exit Plan and an implementation timetable, the chances for a successful exit are very slim. Nearly 50% of successful business owners hope to exit their companies within the next five years. In fact, the SBA observes that “At any given time, 40% of U.S. businesses are facing the transfer of ownership issue” and “the primary cause for failure... is lack of planning.”

Introduction to ExitSmarts™

ExitSmarts is… innovative/approachable/sensible Main Street Exit Planning for the 94% of business owners who neither want nor need the complexity of large-business exit planning.

An Introduction to The ExitMap® Assessment - The First Step to Understanding the Complexities of Preparing a Company for Transition

The ExitMap® is your first step in planning for what is probably the most important financial event of your lifetime… the sale of your business. The Assessment is a great place to start whether you plan to sell the business on the open market, have your employees buy it or pass it on to family.

This quick video introduction provides business owners with a simple overview of the ExitMap® reports and the planning process:

The ExitMap

This questionnaire consists of 22 questions which will produce a 12-page summary report that will be emailed to you and your Porte Brown Advisor. The report ranks the overall preparedness of a company for transition and provides a breakdown of the four major categories of readiness; Finance, Planning, Profit/Revenue and Operations.

  • It only takes 15 minutes.
  • It’s easy to decide which of the multiple-choice responses best fit your company.
  • It requires no financial or other confidential information.
  • It takes a broader view of your business than just the numbers.

News You Can Use

Next step:

For more information, please contact Porte Brown’s Valuation and Transition Practice Group leader, Jeffrey Smiejek, CPA, CVA, CEPA, at 847-956-1040.

We Help You Get to Your Next Level™

Get in touch today and find out how we can help you meet your objectives.

Call Us

Corporate Office

845 Oakton Street
Elk Grove Village, IL 60007
(847) 956-1040 phone
(847) 956-6780 fax
info@portebrown.com

Porte brown site

Services

Industries

SSL Certificate Issued by Let's Encrypt Authority X3Authorized IRS e-File ProviderNamed One of the Best Places to Work in ILSafeSend ReturnsAICPA Peer Review ProgramNamed a Top 50 Construction Accounting FirmInside Public Accounting Best of the Best 2020

Porte Brown LLC © 2021 | PorteBrown.com | Chicago CPAs, Accountants & Consultants | PRIVACY POLICY

Securities offered through Avantax Investment Services℠, Member FINRA, SIPC. *Investment advisory services offered through Avantax Advisory Services℠ ** Insurance services offered through an Avantax affiliated insurance agency. Avantax affiliated advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state. The Avantax family of companies exclusively provide investment products and services through its representatives. Although Avantax Wealth Management℠ does not provide tax or legal advice, or supervise tax, accounting or legal services, Avantax representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Content, links, and some material within this website may have been created by a third party for use by an Avantax affiliated representative. This content is for educational and informational purposes only and does not represent the views and opinions of Avantax Wealth Management℠ or its subsidiaries. Avantax Wealth Management℠ is not responsible for and does not control, adopt, or endorse any content contained on any third-party website.