Exit Planning

Exit Planning

HLB Gross Collins has been an outstanding partner for our business for over 15 years. Wayne Gilmore and the partners and staff at HLB Gross Collins have supported our multi-national business tax and advice needs effectively and efficiently. Whether evaluating the tax and business consequences of an international or domestic job or completing the inevitable paperwork and tax returns required, HLB Gross Collins always provides the support we need. I highly recommend HLB Gross Collins to any business.

Steven R. Baardson, CFO & General Counsel

TransGlobal Energy, Inc.

Business owners should have an exit strategy: a plan for the time when they're either unwilling or unable to keep running their company. Often, that planning can include a current disaster plan for relatively young business owners and a future long-term succession plan for a smooth path to retirement. At HLB Gross Collins, P.C. we work with owners as to the best exit plan for their business. Whether you are passing your business to the next generation, selling all or part of the business to a third party or exiting through an employee stock ownership plan (ESOP), HLB Gross Collins, P.C. can assist you through each step of the process. Our consulting experts can help you with the following:

  • Maximize business value
  • Develop a succession plan
  • Determine strategic options
  • Minimize taxes


Buy-sell benefits

Business owners and co-owners of all ages should have a buy-sell agreement in place. Such an agreement should identify the buyer, in case a sale becomes necessary, and specified events that will trigger the buyout. The agreement also should spell out how the price will be determined-it could be a multiple of cash flow or revenue, for instance.

If a company has two or more co-owners, a mutual buy-sell can be effective. For sole shareholders finding a buyer may require some creativity. A key employee might be named, or even a competitor. Funding for a possible buyout might be provided through life and disability insurance.

A long-term exit plan also should cover taxes because certain deal structures can be more or less favorable to the seller. HLB Gross Collins, P.C. can help you work out the terms of an exit strategy and a plan that will make the most sense for current and future business owners.


I am happy to write this recommendation regarding the professionalism, integrity, and technical expertise of HLB Gross Collins P.C. (HLB). The professionals at HLB always exhibit an exceptional level of competence while diligently working to adhere to deadlines.
Additionally, HLB Gross Collins, P.C. applied their expertise in calculating the U.S. GAAP deferred tax provision. The firm exhibited tremendous tax knowledge in this area and we were impressed by their expertise.
I am happy to recommend HLB Gross Collins, P.C. based on their international expertise, specifically related to GAAP, as well as their technical ability and attentiveness to quality and personal relationships.

Randall Mertz, President & CEO

ORAFOL Americas Inc.

We appreciate the personal approach Gross Collins takes with our tax planning and preparation needs.

John Sudduth, Controller

Pioneer Concrete Pumping Service, Inc.

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