due-diligence phase can be a deal-breaker when the exit
plan is put in action.
Being proactive in business pays off—especially
when it comes to an exit strategy. Wherever your business
is in its life cycle, deal with the big issues now. Create a
thorough and realistic plan for your eventual exit. You
will maximize your opportunities, eliminate headaches
and minimize problems later on.
Bart A. Basi is an expert on closely held enterprises. He is
an attorney, certi;ed public accountant and senior advisor
for the Center for Financial, Legal & Tax Planning, Inc.
He also is a member of the American Bar Association’s
Tax Committees on Closely Held Businesses and Business
Planning. Marcus S. Renwick is an attorney and the
director of research and publications for the Center for
Financial, Legal & Tax Planning, Inc.
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