An exit plan is a comprehensive roadmap to successfully exit a business. This requires developing a transition strategy and a comprehensive plan made up of a variety of different activities. We have develop a list and explanation of some of these activities and have group them for your convenience by the following categories:
- Accounting Activities
- Legal Activities
- Estate Planning Activities
- Investment Planning Activities
- Insurance Planning Activities
- Sales Transaction Activities
There may be many other exit planning activities, but this information provides a good introduction to what a good exit plan would include.