Category: Exit Planning

The conversations that matter most center on client outcomes and relationships.  Markets change, regulations change and there is always some new shiny object to chase. Here at FPA Wealth Management, we help business owners assess their readiness as it pertains to transitioning from ownership into retirement.  Most owners are not ready! Owners all too often… Continue reading Focus on the Outcome

Nurture your mind with great thoughts. - Benjamin Disraeli  

Good legal documents are the foundation for an estate plan.  For a business owner, this takes on added importance.  By better understanding common estate planning terms and documents, you can gain important insight into the role they can play for you and your family. Will – This is a document that takes effect at death. … Continue reading A Guide to Estate Planning

A fellow blogger just posted a thought-provoking article, “What to do if the Family Business isn’t for you.” Below are some of the key takeaways if you have been debating about continuing the family business. Kyle Danner writes, “Here’s a scary thought: What if the family business isn’t for you?”  What if you’ve decided to… Continue reading Is the Family Business Right for You?

Contingency Planning is one of those areas most business owners would rather avoid.  Who wants to think about worst-case, What-If scenarios?   However, if you develop your contingency plans to effectively address the worst-case concerns and you DOCUMENT IT, the immediate impact is those documented plans add value to your business.  They allow you to add… Continue reading The 5 D’s of Contingency Planning: Add Value to Your Business and to Your Exit Strategy