Small Business Exit/Transition Planning

This forum aims to provide essential insights and strategies for small business owners looking to exit or transition their businesses smoothly. Below are the key takeaways:

• Start Early: Begin planning your exit 3-5 years in advance for optimal results.
• Know Your Valuation: Obtain a professional business valuation to guide your decisions.
• Address Legal and Tax Matters: Collaborate with advisors to reduce tax liabilities and ensure legal readiness.
• Explore Exit Strategies: Consider options like selling, transitioning to family/employees, or merging.
• Communicate with Stakeholders: Keep all key parties informed throughout the process.

Shelley has been engaged in the financial services industry since 1986; having held various executive management positions including Vice President of Investments, Compliance Officer, Operations Manager, Sr. Management Consultant, and Business Development Manager. Born and raised in Kansas City, MO (most recently Overland Park KS), Shelley moved to the San Diego area in 2007 while employed with Banc of America, Inc. During her 5-year tenure with BofA, Shelley was second in command of 80 branch locations with 112 employees; extending her industry experience to virtually all areas of financial services, including branch management, regulatory compliance audits, sales supervision, business plan coaching, operational efficiency and national policy review. In addition, Shelley has also successfully provided independent compliance and management consulting for financial advisors and broker dealers.