KRS partner Gerald Shanker, CPA/ABV, discussed the topic of succession planning and exit strategy preparation in the September 2015 issue of NJ BUSINESS magazine.
In this article, Shanker emphasizes the importance of maximizing the value of a company for a third-party sale when no family members will succeed the business. Most important in this situation is to have solid projected cash flow and controllable risks, he advises. As head of the KRS business valuation division, Shanker is well-equipped in assisting clients to position their business for growth and optimum value.
NJ BUSINESS has more than 121,000 readers monthly, reaching influential executive and legislative decision makers throughout New Jersey.
Click here to read the complete article entitled “The Exit Strategy: It’s never too soon to develop a succession plan.”