Exit Planning for Closely Held Companies

Starting a new business is an exciting time, filled with the promise of potential success and growth. However, amidst this excitement, it’s crucial not to overlook the importance of creating a well-thought-out exit strategy. While nobody wants to think about a business ending at its outset, it's essential to acknowledge the inevitability of future events—such as disagreements among owners, the passing of an owner, or the complexities of a divorce—that may lead one owner to pursue an exit. The process of getting out of ownership interest in a closely held corporation must be decided at the inception of the company. In this blog post, we'll explore the necessity of planning for these events from the beginning, focusing on the significance for closely held companies.

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