Barnes Dennig Names Exit Planning Practice Leader
Published on by Kat Jenkins in Firm News
Launching and running a successful business is one of life’s great achievements, a passion project that fulfills a lifelong dream for many. But no matter how much you love what you do and the business you’ve built, you’re not going to run it forever.
Helping business owners achieve their goals is a longtime passion for Barnes Dennig Director Harold Kremer – and after achieving his Certified Exit Planning Advisor (CEPA) certification, he’s now well-equipped to guide business owners through their exit plans, ideally starting several years before the transition.
“The CEPA program is designed to help business owners focus on three areas equally – Business, Personal and Financial. As a CEPA, I can guide a business owner through a process that helps them understand the value of their business, introduce them to the Value Acceleration Method to improve their value, gain an understanding of their interests outside of work, and help them move toward their goal of having the financial resources to be able to follow their passions after a sale,” says Kremer.
There are multiple professionals involved in executing a successful exit plan, and in addition to Barnes Dennig’s in-house team of top business valuation professionals, tax specialists, and wealth managers, the firm has built a strong network of attorneys and mergers & acquisition specialists to cover every aspect of the exit plan and achieve the business owner’s vision.
“Closely-held businesses have long been a sweet spot for Barnes Dennig,” says Managing Director Jay Rammes. “Having the in-depth capabilities to successfully guide them not only through growing their business, but also through their exit plan and into the successful next phase of their lives empowers our clients. We’re providing peace of mind during a time of transition, and that’s a great feeling.”
Kremer notes that the ideal time to begin the exit planning process is several years before the planned exit event, as this provides time to maximize the value of the business and strategize an exit that will optimize the owner’s retirement or other post-exit plans.
If you’re starting to think about what you’ll do next, now’s the time to connect with our exit planning pros. Contact us to set a free consultation – we’re here to help, as always.
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