In 2001, The Christman Group pioneered a new transfer business strategy process for business owners after realizing that many of its clients were not fully prepared to properly exit their businesses. Clients were focusing on the transaction, and not adequately positioning their businesses or planning for tax and estate consequences before their exit.
We began to focus on our clients well-being, what they wanted out of their business and life and to help them determine the “what’s next” in their lives. One of the first steps was to guide the clients in determining their personal goals and objectives for both their business and their own future. Life planning is a step often ignored by business owners.
We conduct a complete analysis to determine how enterprise value can be increased through improvements to the business prior to sale. We review the seven options of business transfer to determine the right fit, be it a sale to employees or a third party, or family succession or maintaining partial ownership with a new partner.
Further, along with their other advisors, we focus on the net proceeds from a transaction. Through sound estate and tax planning that reinforce your personal objectives, we strive to maximize what our clients actually put in their pockets.
Most importantly, we make sure our clients lead happy and fulfilling lives, full of new challenges with the ability to pursue new dreams or new beginnings or to enjoy the peace of mind of retirement with loved ones and friends.
This is the philosophy of SET for Life.