EXIT PLANNING

There are many facets of an exit plan. If your exit plan potentially involves a sale of your business, it is critical that your business records be in order before you go to market. Incomplete or missing records, or disorganization or inconsistency in how they are updated and maintained, may sour a prospective buyer’s interest in your business. The solution is to do your business housekeeping responsibly. It will help to maximize the value of your business and ease your mind while your business continues to operate before your exit.

Pre-Sale Due Diligence

Selling a business at the highest possible price requires advance planning. Potential buyers expect business records to be complete, organized, and readily accessible during due diligence. Meeting this expectation is time-consuming and requires substantial effort and attention to detail from selling business owners. Failing to meet this expectation may negatively impact the value of the business to a buyer or even be a deal-killer. On Point assists business owners and their management teams in their own “pre-sale” due diligence exercise before their businesses go on the market in an effort to maximize business value, minimize fatigue and frustration during the buyer’s due diligence process, and provide peace of mind.

Data Room Management

Once the business house is in order, it needs to be maintained regularly. On Point will take the lead in the ongoing management and updating of due diligence materials in an easily-accessible, organized and secure virtual data room environment. This frees up valuable time that business owners need to address other matters requiring attention during a sale transaction. And if a sale isn’t underway, On Point’s focus will be to manage the data room as an archive of critical business information needed for current day-to-day operations or for a future sale or investment transaction.

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