You’ve only just gotten your new small business off the ground, so why would you need to develop an exit strategy? Isn’t that a defeatist, frightened way of thinking? Absolutely not. Any long-term business strategy should include a way out, and everything you do as you grow the business should be done with the end in mind.
A Tampa CPA from Reliance Consulting, LLC, is a valuable partner as you develop your business plan. Whether estimating startup costs, handling payroll services, conducting internal audits or, yes, planning for the day you no longer own the business, a Tampa CPA at Reliance is here to assist you every step of the way.
One important service a Tampa CPA from Reliance can perform is to help you coordinate your long-term business goals with your personal financial goals. After all, you’re probably in business to provide financial security for you and your family. When that goal is achieved, you’ll almost certainly want to retire and take time to enjoy the finer things in life. When that day comes, here are a few potential exit strategies you’ll be glad your Tampa CPA at Reliance asked you to consider when you started your business:
- Selling the business in its entirety
- Piecemeal liquidation of the business assets
- Merging with another company
- Selling shares through an Initial Public Offering (IPO)
- Accepting a buyout from another company
Contact a Tampa CPA from Reliance Consulting today for a complete financial health checkup and to learn more about our small business services.