Grow Your Business
As you invest the majority of your time and money to grow your business, it is equally important to set the foundation for building and sustaining your long-term wealth. Action items at the top of your priority list should include setting up the optimal entity structure for your company, putting in place an estate plan for your assets and identifying sources of liquidity to fund your personal expenses and financial goals.
Exit
Selling your business will be a pivotal wealth event for you and your family, and you may only get one opportunity to do it right. As you embark upon the sale process, it is important to fully evaluate your exit alternatives, implement a robust succession plan for your management team and create a wealth plan for how you will invest and distribute your wealth post-exit.
Reinvent
Successfully exiting your business may provide you with the financial flexibility to chart a new path, whether you choose to start a new business or pursue charitable interests. To sustain the wealth you have worked hard to create, while pursuing new endeavors, it is important to build upon the foundation that you have created pre-exit. Create an infrastructure and team of advisors to oversee your wealth, educate and empower your family to become responsible stewards of your wealth and explore creative ways so that you may use your wealth to make an impact in the world.
Receive the report for actionable insight on each stage of the journey.
© Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. For more information, read our legal and regulatory information about individual market offices.