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Exit Planning

There are a lot of reasons to go into business: independence, financial security, the pursuit of a dream. But have you thought about how you are going to get out?

Exit Planning is a customized process of setting goals and deciding how best to achieve them. Whether your successor will be your children, a key employee or an outside buyer, Exit Planning helps you maximize your financial return and minimize your tax liability when you transfer your business.

Seven Steps To A Successful Exit:

Step One - Establishing Owner Objectives®

A winning Exit Plan rests on three owner-established goals:

1.       When you want to leave

2.       How much money you want when you leave

3.       Who you want to leave the business to

These form the foundation of your Exit Plan.

Step Two - Establishing Business Value And Cash Flow®

Step One establishes what you want or need in order to leave your business in style. Step Two determines what you have -how much is your business worth? If you're selling to a family member, key employee or co-owner, future cash flow of the business after you leave it, is even more important than value.

Step Three - Promoting Value®

What features, or characteristics, are necessary to make your business saleable and valuable? These features (Value Drivers) either reduce the risk associated with owning the business or enhance the prospects that the business will grow significantly in the future. Find out what they are.

Step Four - Sale To A Third Party For Top Dollar®

If your goal is to sell to a third party, learn how to do so for top dollar.

Step Five - Transfer To Management Or Family Members®

A sale to insiders does not end with the closing. Only when your price is paid in full does the transfer end. Learn how to orchestrate a successful sale to insiders who often lack sufficient cash.

Step Six - Developing A Contingency Plan For The Business®

But business continuity is much more than simply making sure there is a new owner. If you die or become disabled before your exit is complete, your dream of financial security will become unattainable. Learn how Business Continuity is done whether or not you have a co-owner

Step Seven - Wealth Preservation Planning®

The sale of a business generates cash. Cash for you, your family and the IRS. Learn how to minimize the IRSís share.

Mark Gerber is licensed in AZ, CA, CO, FL, IL, MO, MT, NM, OR, TX, WA, and WY to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in CO, MT, OR, WA, and WY and adviser registered in MT. Jim Morrison is licensed in AK, AZ, CO, IA, ID, MT, NV, OR, TX, WA, and WY to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), and is securities registered in CO, MT, NV, OR, UT, WA, and WY and adviser registered in MT.

This site is not a solicitation of interest in any of these products in any other state.

IMPORTANT CONSUMER INFORMATION: Mark Gerber and Jim Morrison may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Mark and Jim that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution he represents, contact your state securities law administrator.

Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York), Principal Life Insurance Company and the companies available through the Preferred Product Network, Inc. Securities and advisory products offered through Princor Financial Services Corporation, 800-247-1737, member SIPC. Mark Gerber and Jim Morrison, Sr. Financial Representatives, Princor Registered Representatives, Financial Advisors. Principal National, Principal Life, the Preferred Product Network, and Princor® are members of Principal Financial Group, Des Moines, IA 50392. Creative Business Strategies Inc. is not an affiliate of any company of the Principal Financial Group.

Principal Life maintains certificates of authority to transact insurance in all 50 states. Principal Life NAIC identification number is 61271. Principal National NAIC identification number is 71161.