Financial Planning When Selling a Business
You have spent years or even decades building your business from the ground up. Pouring your time and resources into your work came with huge risks, but now it has paid off.
Your business may be your largest asset, and as you look toward your next phase of life, it is time to benefit fully from it. Whether you do this through an internal succession plan over several years or sell your business in one transaction, navigating the nuances and ripple effects requires careful planning with multiple advisors.
Selling your business also means a large portion of your wealth is now liquid and you will need a plan for managing and investing it.
You are now a high-value target, and you need a trustworthy financial advisor who can help you avoid investment and insurance products that may not be in your best interest.
How Timberchase Can Help Plan for a Successful Sale
At Timberchase Financial, we have experience navigating the financial consequences of selling a business. As a fee-only firm, we do not accept commissions or income from any outside source, allowing us to offer advice that is customized for you to help you gain control of your wealth and enable you to focus on what comes next.
We believe real wealth management is a complete approach to addressing your entire financial life, defined as the sum of investment consulting, advanced planning, and relationship management. If you would like to start a conversation about how our CERTIFIED FINANCIAL PLANNER™ professionals may be able to help with your financial plan, please contact us.
Further Reading
As you consider financial planning for selling a business, you may find the following articles helpful: