One of the most common questions that we ask when a client is starting a business is what the exit strategy is. This may come as a surprise since the business has not yet begun but the answer to this question can lead you to form your business in a variety of different ways. Too often people rush into business without thinking about the best possible solution and this can drastically affect the cash flow of your business and the tax that you will pay. Here is an article that covers the five primary exit strategies available to most entrepreneurs: https://www.entrepreneur.com/article/78512.
If you are considering starting a business or currently own one and are looking to retire please give us a call to discuss the best possible solutions. With some advanced planning, we can improve the cash flow of your business and decrease the amount of taxes you will pay.