The Exit Planning Institute reports that 49 percent of business owners do not have a strategic transition plan in place. Of those that do have a plan, 34 percent report it has not been documented or communicated. When the plan is not “in writing” or well-communicated, it might as well not exist! Knowing this, it is not surprising that half of all business exits are “forced”; ownership doesn’t leave on his or her own terms. A move must be made due to one (or a combination) of the Five “D’s”: Death, Disability, Divorce, Distress or Disagreement. Take back control with business consulting near me in Ontario CA, courtesy of Whyte & Associates in Rancho Cucamonga.
The savviest business owners surround themselves with trusted and exceptional partners. We are proud to be a part of many owners’ advisory teams, alongside attorneys, bankers, and other key “specialists.” Just as no one knows your services or products quite like you do, we are proud to say that processes to make your business hum, regulations to comply to, and the intricacies of events at various business “life stages” – from formation to dissolution – are second nature to our skilled and experienced team of licensed agents. The sooner we can identify opportunities to minimize tax liabilities, avoid penalties, and heighten operational efficiencies, the faster your business can benefit. The tax savings may be invested back into the business, to amplify growth, while efficiency-garnering strategies reduce the headaches that can drain your workplace culture of its vitality.
Likewise, by establishing strategies today, you can have a big, favorable impact on tomorrow by avoiding the “worst.” Don’t be among the majority of owners, especially in these uncertain times, who wanted to take his or her business to the next level yesterday but is in no position to do so. By partnering with us, we position your business for success well into the future. Our team is adept at collecting and analyzing your company’s historical data to identify patterns, which can present opportunities to harness or build upon, or areas for improvement that must be proactively addressed. Whether you seek freedom from the business down the line, growth through an acquisition, or are just starting out, Whyte & Associates is privileged to provide perspective and skilled, consultative tax and accounting expertise to guide you toward your goal.
We look forward to navigating the intricacies of business ownership at every stage of the lifecycle, and through personal, economic, and industry changes. Call (909) 575-0080 to schedule your free consultation at Whyte & Associates, just a short drive from Ontario, CA.