Though it may well be one’s intention for his or her business to continue on in perpetuity, the reality is that every start-up’s business plan should include an ultimate exit strategy. In addition, it is always wise to consider the possibility that unexpected events, such as the untimely death, departure, or divorce of a business partner may lead to complications in the operation of the business.
Additionally, if a client is anticipating a liquidity event related to his or her business or wants to transition a portion of the business to another related or unrelated party, proper planning is essential. Wilson Ratledge regularly assists new and mature businesses to address these issues through appropriate planning.