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Exit

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There are almost as many reasons to get out of a business as there are to get in. Competition intensifies, the business environment shifts or maybe you’re just ready to pass the business along to the next generation. Whatever the reasons, you’ve decided to move on.

the direction  Any exit must be carefully planned and executed, whatever form it takes. If you’re passing on the business to heirs or successors, they must be fully apprised of the legal, financial and operational obligations they’re assuming. If you’re selling out or merging, there are complicated tax and regulatory issues involved. And if you’re considering bankruptcy or liquidation, you want to maximize the return on any asset sell-off that’s required.

Ideally, the exit process should be planned three-to-five years in advance in order to facilitate a smooth deal that realizes maximum value. The company will need to show solid tax compliance, good financial reporting and limited legal risk. Even if you’ve never had an audit, you will need one for the sale. Overall, the idea is to do everything possible to eliminate objections in the minds of potential buyers.

the cfo function  There may or may not be an actual CFO present as you wind down your business. Even so, the CFO function does not go away. Whatever the exit strategy, someone must be there to oversee legalities, financial aspects, compliance ramifications, tax planning, employment issues, and much more. The better the due diligence, the more likely you are to attract the right buyer.

our role  As with every other stage in the business life cycle, Armanino can provide the audit, as well as the tax and consulting services you need to effect a methodical exit. We have a wide range of experience in virtually every form of exit strategy, and we can help you preserve, distribute, liquidate or otherwise dispose of the company’s assets in an orderly—and ultimately satisfying—manner.

Compliance & Accounting Needs

  • Financial Reporting
  • Audits
  • Tax Compliance
  • Sales & Use Tax
  • Due Diligence
  • Internal Controls

Financial Planning

  • Investment Strategies
  • Asset Allocations
  • Stock Option Administration
  • Succession Planning
  • Valuations
  • Exit Assessments