First Financial Bank

Why should your business consider succession planning?

There are common triggering events that cause an unexpected sale, known as the 5 D's: DeathDissolution/DisagreementDivorceDepartureDisability Exiting your business can be daunting and emotional. It is important to take control of your succession plan and exit with intention and purpose.

Is now a good time to exit my business?

Transitioning out of your business is not a black and white analysis. Circumstances need to be considered collectively. In order to help answer this question, we would conduct a detailed review of how the exit plan impacts personal wealth and family objectives. Our team offers a peer review which can assist with establishing a timeline.

How can I make my business worth more?

We will help give you an idea of the key value drivers of your business and how you rank among your peers in the same industry. These key value drivers will help you understand areas of improvement you can address to improve your business's value.

What do I need to do to minimize the tax implications of a business exit?

We work in sync with your tax advisors and accountant to properly optimize your exit timing and strategy.

How does a business succession plan help mitigate risk?

A proper business succession plan ensures that you are selling your business for enough money to fund your future personal and professional goals. Preparing for multiple exit scenarios allows you to prepare for unexpected events that impact how and when you exit.