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Why do you need an exit plan for your business? Exit planning is a strategic process that prepares you for the sale or transition out of your business. It involves setting goals, understanding options, and developing a systematic plan. A plan that aligns not only with your business objectives but also your personal goals. Exit planning is crucial for maximizing your business's value — by identifying what’s driving value in your business and growing it, you can boost your eventual exit value. A successful exit plan offers direction and clarity, helping you make better decisions in the future. Effective exit planning can reduce your tax burden and ensure a successful transition, protecting the business's future success. Read Kyle Rudduck, CFA, CFP®'s exit planning guide for business owners here: https://lnkd.in/eSjd4TW3

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