Hoping to sell your business one day? It may not be as easy as you think!

Baby boomers reportedly own over 60% of closely held businesses today, according to the Exit Planning Institute. Most business owners have a significant portion of their total net worth tied up in their business and will require a successful transition to meet their future financial goals and objectives. The Exit Planning Institute conducted a study suggesting as high as 80% of these companies are not saleable with the team of advisors the owners have in place. As companies grow in size and complexity, often their advisors haven’t changed and thus may not be the right team of professionals for tax preparation, estate planning, cash flow analysis, exit/succession planning or wealth management.