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Five-Pillared Planning for Exits and Other Liquidity Events

In: Personal Financial Planning for Executives and Entrepreneurs

Author

Listed:
  • Michael J. Nathanson

    (The Colony Group)

  • Jeffrey T. Craig

    (The Colony Group)

  • Jennifer A. Geoghegan

    (The Colony Group)

  • Nadine Gordon Lee

    (The Colony Group)

  • Michael A. Haber

    (The Colony Group)

  • Max B. Haspel

    (The Colony Group)

  • Seth P. Hieken

    (The Colony Group)

  • Matthew C. Ilteris

    (The Colony Group)

  • D. Scott McDonald

    (The Colony Group)

  • Joseph A. Salvati

    (The Colony Group)

  • Stephen R. Stelljes

    (The Colony Group)

Abstract

A successful entrepreneur can spend decades building and nurturing a business only to have much of its value unnecessarily evaporate because they didn’t plan appropriately for an eventual liquidity event. At a minimum, effective planning for a liquidity event should begin no less than 18 months in advance of the event. A well-structured, coordinated advisory team is essential for optimizing a substantial liquidity event. Cash-flow planning is an important part of planning for a liquidity event, as is understanding its potential impact on achieving financial independence. There are a wide variety of techniques available to minimize federal and state income taxes, as well as estate and gift taxes, while also planning for others such as family members, charities, and employees. The planning process should also involve a comprehensive insurance review.

Suggested Citation

  • Michael J. Nathanson & Jeffrey T. Craig & Jennifer A. Geoghegan & Nadine Gordon Lee & Michael A. Haber & Max B. Haspel & Seth P. Hieken & Matthew C. Ilteris & D. Scott McDonald & Joseph A. Salvati & S, 2021. "Five-Pillared Planning for Exits and Other Liquidity Events," Springer Books, in: Personal Financial Planning for Executives and Entrepreneurs, edition 2, chapter 13, pages 199-215, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65400-9_13
    DOI: 10.1007/978-3-030-65400-9_13
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