Community Whealth
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Transitions

About CW Transitions

CW Transitions

 

Where you go for advice on how to transition your biz ownership?

 
 

Everyone knows where to go when you are buying or selling real estate! Everyone knows where to go when your daughter says yes to her boyfriend. Everyone knows where to go when you want to know whether or not you can retire. Everyone knows where to go when you need help with your taxes. But, where do you go when you want to transition ownership of your business?

Do you go to a lawyer? Accountant? Financial Planner? Do you go to your vendors?

A better question than where to go is when should you go? Should you go a month before you’re ready? 6 months? 1 year? 3 Years? 5 Years? 10 years?

How do you know that you are getting the right advice? How do you know you are getting a fair deal? Who do you trust will put your interests ahead of their own, or at the very least alongside of their own?

If you want to become a real estate broker, what must you do? Take courses and pass an exam. If you want to offer investment advice, what must you do? Take courses and pass some exams. If you want to become a lawyer or CPA, what must you do? If you want to offer advice to someone about the most effective and efficient way to transitions ownership of their business, what must you do? NOTHING! Anyone can offer that advice. Quite literally, your neighbor can tell you what they did.

But does that mean you should take the advice from anyone?

We believe you should look for the same expertise and credentials that you look for in every other area of your life. CFP, CPA, PMP, J.D., LLM, We all know what these stand for. But, what certifications exist for ownership transition advice?

CExP.

At Community Whealth Transitions, our leaders have taken the time to learn about what mistakes other owners have made. Our leaders have taken the time to study and become comfortable with the various options available to an owner looking to leave their business. Our leaders have taken the time to understand when one strategy may be better than another. What role does tax play in your decision? What role does retirement planning play? When does getting the maximum sales price possible trump all other considerations? What about the culture of your business? Is it important to you that the culture remains in tact?

The first question you need to know is what is your business worth? But, that’s expensive and time consuming. What if we can offer you a cost effective way to get this answer for planning purposes?