Exit Planning

3. A professional who evaluates the worth of a company.
4. The process of selling or transferring ownership of a company.
6. PLAN: The process of planning for the transfer of business ownership.
7. The documentation required to formalize a sale.
10. The financial reward received from selling a business.
11. A strategy for handing over control of a business.
15. A plan to continue the business in the event of a key person's departure.
17. The value of a company determined by various methods.
18. The overall health and readiness of a business for sale.

1. The period after the business owner exits the company.
2. The potential legal and financial risks involved in a transaction.
5. The practice of preparing for the eventual transfer of business ownership.
8. The group of potential buyers who might be interested in purchasing the business.
9. The future earnings potential of a business.
12. The financial advisor who specializes in exit planning.
13. The act of reducing one's ownership stake in a business.
14. VALUE: The price at which a willing buyer and a willing seller agree to trade.
16. The person or entity buying the business.