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Business Exit Planning

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2 minutes reading time (490 words)

Meet Hawaii's First Certified Business Exit Planner

Marko Mijuskovic, BA, MBA, and MSIS, just added yet another designation to his list of credentials: CExP™, making him the State's first and only Preeminent Certified Business Exit Planner. "With so many locally owned and managed businesses, I saw a real need in the community for business exit planning," said Marko, who is a Vice President and Partner at Wealth Strategy Partners. For those unfamiliar with the specialty, the BEI CExP™ designation sets the industry standard for Exit Planning certification. Achieving the designation requires stringent training, rigorous testing, and in-depth Exit Plan Creation coursework.

According to John Brown, President of Business Enterprise Institute, "Exit Planning Professionals who successfully complete the BEI Certified Exit Planner program have come to be known as premiere Exit Planning professionals. Their in-depth knowledge on a wide array of business subjects includes building a business' value, identifying exit objectives, addressing key employee incentive planning and retention issues, incorporating business continuity planning, and establishing wealth preservation." Achieving the certification required a great deal of time and commitment.

"The Business Exit Planning course wasn't something I started yesterday and finished today, and neither is business exit planning," said Mr. Mijuskovic. "It's a process and there are many facets that have to be thought through, and many important decisions the business owner has to make. At a minimum, I highly recommend that business owners start thinking about their long-term plans 5-7 years out. This allows for the kind of truly comprehensive planning that can help to create the most efficient tax shelters, and ensure that the owner's wishes for the company's succession and future are put in place." Making the business owner's transition as seamless as possible benefits all of the parties involved.

Even with the highly regarded certification, how can Mr. Mijuskovic guide his clients through so many different yet interrelated specialty areas? "We have assembled a dream team of advisors," said Mr. Mijuskovic. "My team consists of highly experienced CPA's, attorneys, tax advisors, and other professionals who are expert in the local market. We assemble the right group of experts around the individual needs of each client. That team works closely together with me to help my client create a strategic exit plan that is ideal for their respective industry and that meets their individual goals."

To help local business owners better understand how to plan for an exit, Wealth Strategy Partners will be holding free monthly Business Planning Seminars for owners and their advisors. Participants will learn about the steps necessary to create a business exit plan, including determining an exit timeline, guidance on how to appraise the value of the business, information on protecting business assets, and securing continuity plan options for internal and external transfers of ownership.

Mr. Mijuskovic invites Hawaii's business owners to attend a seminar to learn more or schedule a meeting with him personally. "The seminars and consultations are complimentary and there is no obligation," said Mijuskovic.

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Planning A Business Exit
Hawaii Money Resource with guest Loren Shoop - 09-...