Business Transition Advisor in Oregon
A majority of businesses are continuing to experience dwindled financial performance as the ongoing market downturn continues to cut into their profits. For those entering retirement, or thinking to try their hands on something new, this might just be the perfect time for gearing up to sell a business.
But as you’re planning to do so, it is important to understand that acquisition activities for small businesses have generally declined over the last five consecutive quarters, falling down to 14%.
That’s why it’s imperative to seek the advice and counsel of professional exit strategy advisors, especially if you’re going to have a tax-efficient plan post-sale, and realize your legacy goals.
Why People Hire Us
What Is Your Company Worth?
The experts at Interactive Wealth Advisors will advise you on a tax-efficient way of selling a business only if they can estimate its true value. With this revelation in mind, it will help if you prepare all the necessary documentation that will facilitate an independent business appraisal, such as:
- Profit and loss reports from three years
- The business’s Federal Income Tax returns
- Equipment and fixture list,
- The lease and any documentation linked to the lease,
- A list of all loans taken out against the company, including their amounts and due dates;
- Copies of equipment leases;
- If applicable, a copy of the franchise agreement
- If necessary, an estimate of the amount of inventory currently available
Our experts will use this information alongside industry-leading business appraisers to determine whether the value of your business is enough to drive your future needs and business goals. Don’t fret about the outcome. If the value turns out to be low, we can explore other options like:
- How to boost valuation before selling
- How to build assets in diversified investment areas
- How to set up a tax-efficient retirement account
- How to cut expenses for more savings
Explore Your Business Sale Options
Although often overlooked, a typical business exit plan should involve a critical analysis of formidable options before piecing together the right exit strategy.
Depending on your future financial needs and goals, our experts can help you plan for various options, such as:
- Selling to an existing partner allows a small business selling path with little disturbance for clients, employees, and other shareholders.
- Selling to another company, where another company acquires your business to increase its skills, market reach, efficiency, and productivity.
- Selling to a family member working in the business can be an excellent alternative or even key employee.
- Merging with a competitor even offering an Initial Public Offering (IPO) may make sense.
The Business Selling Process
Our financial planning for business owners services is designed to help our clients throughout the selling process, so it is as seamless and profitable as possible. Here is a snapshot of what we’ll do:
Business Valuation
To understand the exact valuation of your business and help you strategize your exit plan with realistic figures, we offer an in-house valuation as well as referrals to professional independent appraisers. Some of the certifications and accreditations that you’ll want to consider are:
- Accredited in Business Valuation (ABV)
- Certified Business Appraiser (CBA)
Take to Market
If you don’t have a succession plan in place, our team will help you come up with a strategy to help you find the best deal for you and your employees.
Who should you hire to sell your company? We’ll help you review your options to see if you’re better suited for a business broker, investment banker or some other intermediary. Knowing the strengths and weaknesses of each will help you pick the right firm with the right connections to market your firm quickly and profitably.
After You Close
Once you close your deal, you’ll need a proven system to manage the added complexity a large windfall brings. Our PlanCycle90 system will help you navigate your new reality to simplify your life and give you more time to enjoy the things you didn’t have when you were running your business.
Why Should You Hire a Financial Advisor when you’re Selling Your Business?
How Can We Help?
The biggest transaction in your life should be handled with care. The goal is to create an all-around post-sale plan that will yield a stress-free and comfortable retirement.
Trust our experience in the industry and you’ll find the best way to sell your business, as well as plan tax-efficiently for your legacy post the sale process.
Who Is It For?
Our business sale planning and advice strategies are for entrepreneurs who want to sell their business to fund retirement or pursue other investment options outside their current venture.
Best Practices for a Successful Sale of Your Business
Why Choose Us?
As a local fee-only financial planning firm, our passion for serving the business community around Portland is what drives us every day. Here is why business owners choose us:
We Are Different
We are not like any other financial advisors when selling a business, we focus on serving the needs of business owners in the tech world. Our clients are engineers and IT professionals who started their own firm after toiling in mega tech firms. We understand where they came from and what they’ve achieved better than most.
One Stop Shop
We offer an array of services that can help you forge a formidable exit strategy after selling your business. This includes transition planning, retirement planning, investment management, or even estate planning to help you save the expenses of working with multiple partners.
Lifetime Partners
We are among the few financial advisors who take a fiduciary oath to do what’s in the best interest of our clients–above all else. We always offer frank (sometimes blunt) advice that will benefit you in the long run as well as the immediate future.
Your Next Adventure
At Interactive Wealth Advisors, it’s not just about the destination, but also the journey. Let us show you how our PlanCycle90 process can make your journey to your desired outcomes faster and with less stress.
