January 26, 2024
Congratulations! You sold your business after working with a business valuation expert for years. You were able to maximize the offer because you knew the value of your business. The closing date is days away. It will be the biggest pay day of your life.
Do you let this last pay day money just sit in your checking account earning a meager 0.07%? Nope! You were smarter and better informed than many small business owners. You chose to work with a certified business valuation expert that is also a financial advisor.
While you were working to maximize the value of your business, you and your financial advisor were hard at work planning for this day—your last pay day! Over the years, you had talked about investments, insurance, donor advised funds, retirement, Section 529 plans and even exit planning. Those discussions got you to this day.
As a result, you will not be sitting idle—you and your advisor have a plan. A financial plan that is flexible and that can be stress tested as things change. You talked about your goals and your advisor listened. Vacation home—check! Grandchildren’s college education—check! Alma mater endowment—check! Long-term care insurance—check! Diversified portfolio that reallocates and rebalances—check! The key to success is planning. Talk to a certified business valuation expert who is also a financial advisor—someone that can help you maximize the value of your business and plan for that last pay day. Give me a call today.
Hobe & Lucas Certified Public Accountants, Inc. is a full-service accounting and business consulting firm dedicated to providing clients with exceptional value.
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Investment advisory services are offered through Avantax Planning PartnersSM. Commission-based brokerage services are offered through Avantax Investment ServicesSM, Member FINRA, SIPC. Insurance services offered through licensed agents of Avantax Planning Partners. 3200 Olympus Blvd., Suite 100, Dallas, TX 75019. The Avantax entities are independent of and unrelated to Hobe & Lucas Certified Public Accountants, Inc.
Although Avantax does not provide or supervise tax or accounting services, our Financial Professionals may offer these services through their independent outside business. Financial Professionals may only conduct business with residents of the states for which they are properly registered. Not all Financial Professionals are licensed to offer all products or services. Financial planning and investment advisory services require separate licenses.
