Are You Considering Selling Your Business?

Understanding a business’s strengths and weaknesses is essential in today’s economy. Contemplating an exit strategy can be daunting, but with the guidance of a Certified Exit Planning Advisor (CEPA), it can become a source of relief and peace of mind.

Intellectual property, such as patents, copyrights, trademarks, or trade secrets, can independently enhance the value of your business. Recognizing and appreciating the value of your intangible capital is crucial, as it can be a game-changer for your business’s future.

Here are some steps to plan an exit strategy effectively:

  1. Prepare Your Finances: Ensure your personal and business finances are in order. Having a clear financial picture is essential for a smooth transition.

  2. Explore All Options: Consider all potential exit strategies. Consulting a financial advisor or business lawyer can maximize your plan’s benefits.

  3. Engage with Investors and Plan Leadership Transition: Communicate with your investors about your plans, as they have a stake in the business. If possible, prepare to transfer leadership to ensure continuity and stability.

  4. Inform Employees and Customers: Communicate your plans to employees and customers to retain your workforce and revenue and minimize disruption to operations.

At Middlebrook Wealth, we are ready to help. Seth Liskey, our CEPA, can provide tailored advice and guide you through the process of a business exit, ensuring a smooth transition if you decide it's the right move for you.

Advisory services provided by NewEdge Advisors, LLC doing business as Middlebrook Wealth, as a registered investment adviser. Securities offered through NewEdge Securities, LLC, Member FINRA/SIPC. NewEdge Advisors, LLC and NewEdge Securities, LLC. are wholly owned subsidiaries of NewEdge Capital Group, LLC.

The information in this material is not intended as tax or legal advice. Please consult your legal or tax professionals for specific information regarding your individual situation. This material is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.