Devise your exit strategy – An early start helps ensure a good outcome

Description

Abstract: Every construction company owner needs an exit strategy — whether that involves transferring the business to family members or selling it to a management team or to a third party. Regardless of the strategy chosen, the earlier the process is started, the smoother the transition will likely be. This article discusses enhancing value and developing an appropriate taxation strategy, while a sidebar looks particularly at goodwill as a tax-saving opportunity.