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Starting five years in advance is advisable to maximize value and give you the most optimal options. ",[870],{"type":129,"attrs":871},{"color":773},{"type":18,"attrs":873,"content":874},{"textAlign":34},[875],{"text":876,"type":22,"marks":877},"You want the business to run smoothly, retain employees, keep customers happy, and run the business after you step away. ",[878],{"type":129,"attrs":879},{"color":773},{"type":18,"attrs":881,"content":882},{"textAlign":34},[883],{"text":884,"type":22,"marks":885},"There are some important strategies to keep in mind for developing an effective exit strategy. ",[886],{"type":129,"attrs":887},{"color":773},{"type":764,"attrs":889,"content":890},{"level":766,"textAlign":34},[891],{"text":892,"type":22,"marks":893},"What are the benefits of an exit strategy?",[894],{"type":129,"attrs":895},{"color":773},{"type":18,"attrs":897,"content":898},{"textAlign":34},[899],{"text":900,"type":22,"marks":901},"A clear exit strategy has many benefits. 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Without an exit strategy or a clear plan for business continuity, the business could lose business and value. ",[968],{"type":129,"attrs":969},{"color":773},{"type":778,"content":971},[972],{"type":18,"attrs":973,"content":974},{"textAlign":34},[975,981],{"text":976,"type":22,"marks":977},"Align expectations of family members or successors:",[978,980],{"type":129,"attrs":979},{"color":773},{"type":38},{"text":982,"type":22,"marks":983}," With an exit strategy, discussions on management, control, and finances have a place. Conflicts with family members or partners can be minimized when there’s already an exit plan in place. ",[984],{"type":129,"attrs":985},{"color":773},{"type":764,"attrs":987,"content":988},{"level":766,"textAlign":34},[989],{"text":990,"type":22,"marks":991},"What are the types of exit strategy options?",[992],{"type":129,"attrs":993},{"color":773},{"type":18,"attrs":995,"content":996},{"textAlign":34},[997],{"text":998,"type":22,"marks":999},"Business owners are faced with a number of choices on how they want to move on from their business. Some exit strategies will make more sense to you than others. Here is a quick rundown of some common options to consider. ",[1000],{"type":129,"attrs":1001},{"color":773},{"type":764,"attrs":1003,"content":1005},{"level":1004,"textAlign":34},3,[1006],{"text":1007,"type":22,"marks":1008},"Succession by family",[1009],{"type":129,"attrs":1010},{"color":1011},"#434343",{"type":18,"attrs":1013,"content":1014},{"textAlign":34},[1015,1021],{"text":1016,"type":22,"marks":1017},"What it is:",[1018,1020],{"type":129,"attrs":1019},{"color":773},{"type":38},{"text":1022,"type":22,"marks":1023}," Transfer ownership and management to family members. ",[1024],{"type":129,"attrs":1025},{"color":773},{"type":18,"attrs":1027,"content":1028},{"textAlign":34},[1029,1035,1040,1049],{"text":1030,"type":22,"marks":1031},"When it makes sense: ",[1032,1034],{"type":129,"attrs":1033},{"color":773},{"type":38},{"text":1036,"type":22,"marks":1037},"Look for financial readiness, competence, and experience in the successor. You may want to ask if the successor has the ability to serve both the company’s and the family’s ",[1038],{"type":129,"attrs":1039},{"color":773},{"text":1041,"type":22,"marks":1042},"long-term and financial goals",[1043,1046,1048],{"type":31,"attrs":1044},{"href":1045,"uuid":34,"anchor":34,"target":34,"linktype":36},"https://www.unbiased.com/discover/banking/how-to-save-money-for-short-and-long-term-goals",{"type":129,"attrs":1047},{"color":842},{"type":844},{"text":1050,"type":22,"marks":1051},".",[1052],{"type":129,"attrs":1053},{"color":773},{"type":18,"attrs":1055,"content":1056},{"textAlign":34},[1057],{"text":1058,"type":22,"marks":1059},"Benefits: ",[1060,1062],{"type":129,"attrs":1061},{"color":773},{"type":38},{"type":775,"content":1064},[1065,1075,1085,1095,1105,1115],{"type":778,"content":1066},[1067],{"type":18,"attrs":1068,"content":1069},{"textAlign":34},[1070],{"text":1071,"type":22,"marks":1072},"Legacy and generational commitment continues.",[1073],{"type":129,"attrs":1074},{"color":773},{"type":778,"content":1076},[1077],{"type":18,"attrs":1078,"content":1079},{"textAlign":34},[1080],{"text":1081,"type":22,"marks":1082},"Lower cost.",[1083],{"type":129,"attrs":1084},{"color":773},{"type":778,"content":1086},[1087],{"type":18,"attrs":1088,"content":1089},{"textAlign":34},[1090],{"text":1091,"type":22,"marks":1092},"More control. ",[1093],{"type":129,"attrs":1094},{"color":773},{"type":778,"content":1096},[1097],{"type":18,"attrs":1098,"content":1099},{"textAlign":34},[1100],{"text":1101,"type":22,"marks":1102},"Business continuity; customers and employees may see less disruption. ",[1103],{"type":129,"attrs":1104},{"color":773},{"type":778,"content":1106},[1107],{"type":18,"attrs":1108,"content":1109},{"textAlign":34},[1110],{"text":1111,"type":22,"marks":1112},"May remain as a consulting role or continue to be involved in some way.",[1113],{"type":129,"attrs":1114},{"color":773},{"type":778,"content":1116},[1117],{"type":18,"attrs":1118,"content":1119},{"textAlign":34},[1120],{"text":1121,"type":22,"marks":1122},"Motivation from the seller and buyer to see continued success.",[1123],{"type":129,"attrs":1124},{"color":773},{"type":18,"attrs":1126,"content":1127},{"textAlign":34},[1128],{"text":1129,"type":22,"marks":1130},"Drawbacks:",[1131,1133],{"type":129,"attrs":1132},{"color":773},{"type":38},{"type":775,"content":1135},[1136,1146,1156,1166,1176,1186],{"type":778,"content":1137},[1138],{"type":18,"attrs":1139,"content":1140},{"textAlign":34},[1141],{"text":1142,"type":22,"marks":1143},"Family conflicts",[1144],{"type":129,"attrs":1145},{"color":773},{"type":778,"content":1147},[1148],{"type":18,"attrs":1149,"content":1150},{"textAlign":34},[1151],{"text":1152,"type":22,"marks":1153},"The successor may not be fully ready. ",[1154],{"type":129,"attrs":1155},{"color":773},{"type":778,"content":1157},[1158],{"type":18,"attrs":1159,"content":1160},{"textAlign":34},[1161],{"text":1162,"type":22,"marks":1163},"Financial commitment from you may continue.",[1164],{"type":129,"attrs":1165},{"color":773},{"type":778,"content":1167},[1168],{"type":18,"attrs":1169,"content":1170},{"textAlign":34},[1171],{"text":1172,"type":22,"marks":1173},"There are unique legal and tax considerations. ",[1174],{"type":129,"attrs":1175},{"color":773},{"type":778,"content":1177},[1178],{"type":18,"attrs":1179,"content":1180},{"textAlign":34},[1181],{"text":1182,"type":22,"marks":1183},"May see a lower sale price. ",[1184],{"type":129,"attrs":1185},{"color":773},{"type":778,"content":1187},[1188],{"type":18,"attrs":1189,"content":1190},{"textAlign":34},[1191],{"text":1192,"type":22,"marks":1193},"Key employees may leave. ",[1194],{"type":129,"attrs":1195},{"color":773},{"type":764,"attrs":1197,"content":1198},{"level":1004,"textAlign":34},[1199],{"text":1200,"type":22,"marks":1201},"Sell to a third party",[1202],{"type":129,"attrs":1203},{"color":1011},{"type":18,"attrs":1205,"content":1206},{"textAlign":34},[1207,1213],{"text":1208,"type":22,"marks":1209},"What it is: ",[1210,1212],{"type":129,"attrs":1211},{"color":773},{"type":38},{"text":1214,"type":22,"marks":1215},"Marketing and selling your company to an outside buyer. These can include a strategic buyer, a competitor, a financial buyer, a private equity firm, a foreign buyer, and more. ",[1216],{"type":129,"attrs":1217},{"color":773},{"type":18,"attrs":1219,"content":1220},{"textAlign":34},[1221,1227],{"text":1222,"type":22,"marks":1223},"When it makes sense:",[1224,1226],{"type":129,"attrs":1225},{"color":773},{"type":38},{"text":1228,"type":22,"marks":1229}," If your business is strong, and there are favorable market conditions that allow you to maximize your exit, selling to a third party could be the right move. ",[1230],{"type":129,"attrs":1231},{"color":773},{"type":18,"attrs":1233,"content":1234},{"textAlign":34},[1235],{"text":1236,"type":22,"marks":1237},"Benefits:",[1238,1240],{"type":129,"attrs":1239},{"color":773},{"type":38},{"type":775,"content":1242},[1243,1253,1263,1273,1283,1293],{"type":778,"content":1244},[1245],{"type":18,"attrs":1246,"content":1247},{"textAlign":34},[1248],{"text":1249,"type":22,"marks":1250},"Higher sales price and cost-effective. ",[1251],{"type":129,"attrs":1252},{"color":773},{"type":778,"content":1254},[1255],{"type":18,"attrs":1256,"content":1257},{"textAlign":34},[1258],{"text":1259,"type":22,"marks":1260},"May be able to walk away faster.",[1261],{"type":129,"attrs":1262},{"color":773},{"type":778,"content":1264},[1265],{"type":18,"attrs":1266,"content":1267},{"textAlign":34},[1268],{"text":1269,"type":22,"marks":1270},"More cash upfront.",[1271],{"type":129,"attrs":1272},{"color":773},{"type":778,"content":1274},[1275],{"type":18,"attrs":1276,"content":1277},{"textAlign":34},[1278],{"text":1279,"type":22,"marks":1280},"Minimize risk to the owner.",[1281],{"type":129,"attrs":1282},{"color":773},{"type":778,"content":1284},[1285],{"type":18,"attrs":1286,"content":1287},{"textAlign":34},[1288],{"text":1289,"type":22,"marks":1290},"Deal structure is 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you. ",[1396],{"type":129,"attrs":1397},{"color":773},{"type":18,"attrs":1399,"content":1400},{"textAlign":34},[1401,1406],{"text":1030,"type":22,"marks":1402},[1403,1405],{"type":129,"attrs":1404},{"color":773},{"type":38},{"text":1407,"type":22,"marks":1408},"The continued success of the business is in the hands of the people who understand it best. ",[1409],{"type":129,"attrs":1410},{"color":773},{"type":18,"attrs":1412,"content":1413},{"textAlign":34},[1414],{"text":1236,"type":22,"marks":1415},[1416,1418],{"type":129,"attrs":1417},{"color":773},{"type":38},{"type":775,"content":1420},[1421,1431,1441,1451,1461],{"type":778,"content":1422},[1423],{"type":18,"attrs":1424,"content":1425},{"textAlign":34},[1426],{"text":1427,"type":22,"marks":1428},"More private process.",[1429],{"type":129,"attrs":1430},{"color":773},{"type":778,"content":1432},[1433],{"type":18,"attrs":1434,"content":1435},{"textAlign":34},[1436],{"text":1437,"type":22,"marks":1438},"Keeps key management positions 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It can be lucrative, but the process is more complex. ",[1694],{"type":129,"attrs":1695},{"color":773},{"type":18,"attrs":1697,"content":1698},{"textAlign":34},[1699,1704,1709,1718],{"text":1222,"type":22,"marks":1700},[1701,1703],{"type":129,"attrs":1702},{"color":773},{"type":38},{"text":1705,"type":22,"marks":1706}," Larger, profitable companies may be eyeing a ",[1707],{"type":129,"attrs":1708},{"color":773},{"text":1710,"type":22,"marks":1711},"listing on the stock market",[1712,1715,1717],{"type":31,"attrs":1713},{"href":1714,"uuid":34,"anchor":34,"target":34,"linktype":36},"https://www.unbiased.com/discover/investing/investing-statistics",{"type":129,"attrs":1716},{"color":842},{"type":844},{"text":1719,"type":22,"marks":1720},". Generally, a company’s revenues need to be $100 million or more. An IPO offers greater access to capital and can boost the reputation of a company.  ",[1721],{"type":129,"attrs":1722},{"color":773},{"type":18,"attrs":1724,"content":1725},{"textAlign":34},[1726],{"text":1236,"type":22,"marks":1727},[1728,1730],{"type":129,"attrs":1729},{"color":773},{"type":38},{"type":775,"content":1732},[1733,1743,1753,1763,1773],{"type":778,"content":1734},[1735],{"type":18,"attrs":1736,"content":1737},{"textAlign":34},[1738],{"text":1739,"type":22,"marks":1740},"Higher valuations",[1741],{"type":129,"attrs":1742},{"color":773},{"type":778,"content":1744},[1745],{"type":18,"attrs":1746,"content":1747},{"textAlign":34},[1748],{"text":1749,"type":22,"marks":1750},"Capital for growth",[1751],{"type":129,"attrs":1752},{"color":773},{"type":778,"content":1754},[1755],{"type":18,"attrs":1756,"content":1757},{"textAlign":34},[1758],{"text":1759,"type":22,"marks":1760},"Attracts top talent",[1761],{"type":129,"attrs":1762},{"color":773},{"type":778,"content":1764},[1765],{"type":18,"attrs":1766,"content":1767},{"textAlign":34},[1768],{"text":1769,"type":22,"marks":1770},"Reduce corporate debt",[1771],{"type":129,"attrs":1772},{"color":773},{"type":778,"content":1774},[1775],{"type":18,"attrs":1776,"content":1777},{"textAlign":34},[1778],{"text":1779,"type":22,"marks":1780},"Becoming more well-known",[1781],{"type":129,"attrs":1782},{"color":773},{"type":18,"attrs":1784,"content":1785},{"textAlign":34},[1786],{"text":1129,"type":22,"marks":1787},[1788,1790],{"type":129,"attrs":1789},{"color":773},{"type":38},{"type":775,"content":1792},[1793,1803,1813,1823,1833],{"type":778,"content":1794},[1795],{"type":18,"attrs":1796,"content":1797},{"textAlign":34},[1798],{"text":1799,"type":22,"marks":1800},"Long and expensive process",[1801],{"type":129,"attrs":1802},{"color":773},{"type":778,"content":1804},[1805],{"type":18,"attrs":1806,"content":1807},{"textAlign":34},[1808],{"text":1809,"type":22,"marks":1810},"Risk of not completing the process",[1811],{"type":129,"attrs":1812},{"color":773},{"type":778,"content":1814},[1815],{"type":18,"attrs":1816,"content":1817},{"textAlign":34},[1818],{"text":1819,"type":22,"marks":1820},"Loss of control",[1821],{"type":129,"attrs":1822},{"color":773},{"type":778,"content":1824},[1825],{"type":18,"attrs":1826,"content":1827},{"textAlign":34},[1828],{"text":1829,"type":22,"marks":1830},"Additional financial reporting is required",[1831],{"type":129,"attrs":1832},{"color":773},{"type":778,"content":1834},[1835],{"type":18,"attrs":1836,"content":1837},{"textAlign":34},[1838],{"text":1839,"type":22,"marks":1840},"Business information is now scrutinized by the public",[1841],{"type":129,"attrs":1842},{"color":773},{"type":764,"attrs":1844,"content":1845},{"level":766,"textAlign":34},[1846],{"text":1847,"type":22,"marks":1848},"Business exit planning: A step-by-step guide",[1849],{"type":129,"attrs":1850},{"color":773},{"type":18,"attrs":1852,"content":1853},{"textAlign":34},[1854],{"text":1855,"type":22,"marks":1856},"Business exit planning doesn’t happen all at once, but a few steps can help get you thinking about what might happen for your own exit. ",[1857],{"type":129,"attrs":1858},{"color":773},{"type":764,"attrs":1860,"content":1861},{"level":1004,"textAlign":34},[1862],{"text":1863,"type":22,"marks":1864},"Step 1: Define your goals for the business",[1865],{"type":129,"attrs":1866},{"color":1011},{"type":18,"attrs":1868,"content":1869},{"textAlign":34},[1870],{"text":1871,"type":22,"marks":1872},"How you exit your business will depend on what your personal goals and timeline are. Do you need the maximum amount of money extracted from the sale of the business? Is your business generating significant revenue, and you’re ready to take steps toward an IPO? Do you need a plan for transferring ownership and management to family or employees? ",[1873],{"type":129,"attrs":1874},{"color":773},{"type":18,"attrs":1876,"content":1877},{"textAlign":34},[1878],{"text":1879,"type":22,"marks":1880},"You have options when it comes to planning an exit for your business, and knowing what your goals are can guide your decision-making process. ",[1881],{"type":129,"attrs":1882},{"color":773},{"type":764,"attrs":1884,"content":1885},{"level":1004,"textAlign":34},[1886],{"text":1887,"type":22,"marks":1888},"Step 2: Build your team",[1889],{"type":129,"attrs":1890},{"color":1011},{"type":18,"attrs":1892,"content":1893},{"textAlign":34},[1894,1899,1908,1913,1922],{"text":1895,"type":22,"marks":1896},"You’ll want experts on your side as you approach an exit from your business. You may want to engage the services of an accountant, attorney, ",[1897],{"type":129,"attrs":1898},{"color":773},{"text":1900,"type":22,"marks":1901},"financial advisor",[1902,1905,1907],{"type":31,"attrs":1903},{"href":1904,"uuid":34,"anchor":34,"target":34,"linktype":36},"https://www.unbiased.com/discover/financial-advice/financial-advisor-for-retirement",{"type":129,"attrs":1906},{"color":842},{"type":844},{"text":1909,"type":22,"marks":1910},", brokers, M&A advisor, business valuation expert, and more. These pros can help you increase the value of your company before a sale, offer valuable ",[1911],{"type":129,"attrs":1912},{"color":773},{"text":1914,"type":22,"marks":1915},"tax planning",[1916,1919,1921],{"type":31,"attrs":1917},{"href":1918,"uuid":34,"anchor":34,"target":34,"linktype":36},"https://www.unbiased.com/discover/taxes/tax-advice",{"type":129,"attrs":1920},{"color":842},{"type":844},{"text":1923,"type":22,"marks":1924}," and legal advice, make sure your personal financial goals can be met, or even help find a buyer for your business. ",[1925],{"type":129,"attrs":1926},{"color":773},{"type":764,"attrs":1928,"content":1929},{"level":1004,"textAlign":34},[1930],{"text":1931,"type":22,"marks":1932},"Step 3: Know your numbers",[1933],{"type":129,"attrs":1934},{"color":1011},{"type":18,"attrs":1936,"content":1937},{"textAlign":34},[1938],{"text":1939,"type":22,"marks":1940},"Determine how much your business is worth and what direction it’s trending from a business valuation. Also, be sure to take a look at your personal finances and determine how much you need from the business. ",[1941],{"type":129,"attrs":1942},{"color":773},{"type":18,"attrs":1944,"content":1945},{"textAlign":34},[1946],{"text":1947,"type":22,"marks":1948},"Once you know those two factors, it can help guide you to the right exit strategy. If you need to maximize profits through a sale or an IPO, you’ll do different things than if you’re planning to pass on the business to a family member. ",[1949],{"type":129,"attrs":1950},{"color":773},{"type":764,"attrs":1952,"content":1953},{"level":1004,"textAlign":34},[1954],{"text":1955,"type":22,"marks":1956},"Step 4: Evaluate the different exits and their pros and cons",[1957],{"type":129,"attrs":1958},{"color":1011},{"type":18,"attrs":1960,"content":1961},{"textAlign":34},[1962],{"text":1963,"type":22,"marks":1964},"Once you have a team of experts and know your numbers, you want to evaluate the different types of exits. As described previously, these can include passing the business on to family, a management buyout, a sale to a third-party, an employee stock ownership program, or an IPO. You may also consider liquidation, if necessary.  ",[1965],{"type":129,"attrs":1966},{"color":773},{"type":764,"attrs":1968,"content":1969},{"level":1004,"textAlign":34},[1970],{"text":1971,"type":22,"marks":1972},"Step 5: Implement a plan to bridge the gap",[1973],{"type":129,"attrs":1974},{"color":1011},{"type":18,"attrs":1976,"content":1977},{"textAlign":34},[1978],{"text":1979,"type":22,"marks":1980},"Ideally, you’re starting years in advance so you’re able to realize the most ideal outcome. You may find adjustments that need to be made before your exit, such as growing the business for a higher valuation, training a successor, or saving more money. ",[1981],{"type":129,"attrs":1982},{"color":773},{"type":764,"attrs":1984,"content":1985},{"level":766,"textAlign":34},[1986],{"text":1987,"type":22,"marks":1988},"Bottom line",[1989],{"type":129,"attrs":1990},{"color":773},{"type":18,"attrs":1992,"content":1993},{"textAlign":34},[1994],{"text":1995,"type":22,"marks":1996},"An exit from the business you built from the ground up comes with many questions. Professional financial advice is invaluable at this point, and you’ll need an expert on your side. Unbiased can connect you to a financial advisor who’ll be on your side the whole way through. ",[1997],{"type":129,"attrs":1998},{"color":773},{"type":18,"attrs":2000,"content":2001},{"textAlign":34},[2002,2007,2016],{"text":2003,"type":22,"marks":2004},"Get matched with an advisor through ",[2005],{"type":129,"attrs":2006},{"color":773},{"text":2008,"type":22,"marks":2009},"Unbiased",[2010,2013,2015],{"type":31,"attrs":2011},{"href":2012,"uuid":34,"anchor":34,"target":34,"linktype":36},"https://v2.unbiased.com/inquiry/financial-advisor/primary-areas?mf-type=regular",{"type":129,"attrs":2014},{"color":842},{"type":844},{"text":2017,"type":22,"marks":2018}," today.  ",[2019],{"type":129,"attrs":2020},{"color":773},"article-rich-text",[2023],{"_uid":2024,"image":2025,"title":2030,"subtitle":12,"component":2040,"breadcrumbs":558},"7258534c-6542-4ae2-bfde-cd263bf80204",{"id":2026,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":2027,"copyright":12,"fieldtype":2028,"meta_data":2029,"is_external_url":543},148819563857560,"https://a.storyblok.com/f/185166/6720x4480/967db2de4f/business-exit-planning.jpg","asset",{},{"type":15,"content":2031},[2032],{"type":18,"attrs":2033,"content":2034},{"textAlign":34},[2035],{"text":2036,"type":22,"marks":2037},"Business exit planning: what are your options?",[2038],{"type":129,"attrs":2039},{"color":773},"app-hero",{"name":2042,"created_at":2043,"published_at":2044,"updated_at":2045,"id":2046,"uuid":2047,"content":2048,"slug":2059,"full_slug":2060,"sort_by_date":34,"position":2061,"tag_list":2062,"is_startpage":543,"parent_id":2063,"meta_data":34,"group_id":2064,"first_published_at":2065,"release_id":34,"lang":730,"path":34,"alternates":2066,"default_full_slug":34,"translated_slugs":34,"_stopResolving":558},"Alene Laney","2025-01-10T11:20:16.824Z","2025-07-31T11:31:28.400Z","2025-07-31T11:31:28.412Z",607140568,"fa11c784-d733-4cc0-a8ec-90a90154b805",{"job":2049,"_uid":2050,"name":2042,"image":2051,"component":2055,"education":2056,"expertise":2057,"description":2058},"Content Writer","a6e3129c-eeee-4438-8204-797883981521",{"id":2052,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":2053,"copyright":12,"fieldtype":2028,"meta_data":2054,"is_external_url":543},19801386,"https://a.storyblok.com/f/185166/1986x1986/48279a1e44/alene-laney.jpg",{},"article-author","University of Utah, BA in English Literature & History ","Laney has more than 10 years of experience in media, including newsprint, public relations, marketing, and SEO content writing. \nHer work has been featured in national publications such as The Wall Street Journal, Fox Business, SoFi, Credible, and others.","Alene Laney is an award-winning journalist for Unbiased, where she breaks down financial topics related to retirement, investing, and banking. \n\nShe specializes in helping readers make the best decisions for their money with long-form content for brands and consumer publications.","alene-laney","authors/alene-laney",-20,[],224651374,"e2751bd8-55e4-46e9-94e4-ccce2929794c","2025-01-10T11:21:18.666Z",[],[2068],{"_uid":2069,"body":2070,"title":2083,"component":2084},"628318e0-01e9-4c44-8673-bc4675b4f2b9",[2071,2075,2079],{"_uid":2072,"href":2073,"text":2074,"component":542,"openInNewWindow":558},"4aac929b-a6c5-4eaf-8bfe-06dd4635f319","https://www.unbiased.com/discover/financial-advice/business-succession-planning-how-to-plan-for-your-company-s-future","Business succession planning",{"_uid":2076,"href":2077,"text":2078,"component":542,"openInNewWindow":558},"275ca7c4-41d3-4289-a159-0e30941fcbf9","https://www.unbiased.com/how-to-avoid-tax-on-the-sale-of-your-business","How to avoid tax on sale of business",{"_uid":2080,"href":2081,"text":2082,"component":542,"openInNewWindow":558},"14f04eca-7677-4e50-820e-0abce5fcc989","https://www.unbiased.com/discover/financial-advice/small-business-financial-advisor","Small business financial advisor","Related articles","app-links-list",{"_uid":2086,"title":2087,"plugin":2088,"og_image":12,"og_title":12,"description":2089,"twitter_image":12,"twitter_title":12,"og_description":12,"twitter_description":12},"5b90c3a8-0181-49ba-8a2f-39a03c78fe91","Business exit planning explained: options, benefits, and key steps","seo_metatags","Do you know what your options are when it comes to business exit planning? Here’s what you should know. ",{"name":2091,"created_at":2092,"published_at":2093,"updated_at":2094,"id":2095,"uuid":2096,"content":2097,"slug":2105,"full_slug":2106,"sort_by_date":34,"position":2107,"tag_list":2108,"is_startpage":543,"parent_id":2063,"meta_data":34,"group_id":2109,"first_published_at":2110,"release_id":34,"lang":730,"path":34,"alternates":2111,"default_full_slug":34,"translated_slugs":34,"_stopResolving":558},"Rachel Carey","2023-03-28T10:05:08.718Z","2025-01-28T12:05:49.815Z","2025-01-28T12:05:49.832Z",283076789,"b4ce951f-89c7-4ef6-97a8-709dc6d856e1",{"job":2098,"_uid":2050,"name":2091,"image":2099,"component":2055,"education":2102,"expertise":2103,"description":2104},"Senior Content Writer",{"id":2100,"alt":12,"name":12,"focus":12,"title":12,"filename":2101,"copyright":12,"fieldtype":2028,"is_external_url":543},7792663,"https://a.storyblok.com/f/185166/1199x1257/2401746255/rachel-carey.jpg","Griffith College Dublin, MA (Hons) in Journalism & Media Communications","Rachel brings over a decade of experience in media, including SEO content writing, marketing, public relations, and broadcast and print journalism.","Rachel is a Senior Content Writer at Unbiased, producing content across a range of different sectors, including personal finance, retirement, and investing. She specializes in simplifying intricate financial terms into clear, engaging content tailored for both B2C and B2B audiences.","rachel-carey","authors/rachel-carey",-10,[],"024abff2-15a6-4099-8ba2-25c01abe42e8","2023-04-03T07:50:42.397Z",[],"app-article",[],[],"Business exit planning is how owners prepare the company for the transfer of ownership. Understanding what goes into business exit planning and starting years in advance may produce the most optimal outcomes. 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