Thank you for your interest in Tax & Financial Group’s in-depth research report entitled:

2010 Report of Closely-Held Business Owners – The Exit Planning Process: Challenges, Trends and Conclusions.

This is the result of an extensive survey conducted by TFG of small to medium sized business owners to determine strategies and trends in the areas of exit and succession planning.

The high-level goal is to provide business owners insight into what other owners are doing on this important subject.

We uncovered several interesting findings, some of which you will find in the report:

• Nearly all owners say it is important to have an exit plan/strategy, but few do. Just 16% have a formal exit plan or strategy.
• Over 50% have delayed exit planning because they are too busy to focus on it or don’t know how to start the process.
• Nearly 70% of owners have an aggressive timeline for exiting their business (within the next 10 years).
• Almost 2/3 of the respondents state that their most likely exit strategy is to sell to an outsider or transfer the company to family members.
•  Less than 25% have identified the value they need from the business to afford their retirement or post-exit financial goals.

Please review the report and compare the findings to your current situation. If you are concerned at all about where you stand as it relates to your exit from your business, please contact us. There are steps that every business owner should be taking to start or move forward in the exit process.

We are currently compiling data for the next Exit Planning Report of Closely Held Business Owners to be released later this year. If you would like to participate, please click below to be directed to the survey. All survey participants will automatically be sent an updated version of the Exit Planning Report with new insight and analysis of exit and succession strategies of business owners throughout Southern California.

Separate from the financial plan and our role as financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan and you are under no obligation to follow them. Financial advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. 256079 DOFU 11/10