A business owner works effortlessly to build his or her closely held business. After long hours and substantial risk taking, the business owner has created an asset that if transferred efficiently, could provide financial security for him and his family. We have found that most owners have around 70 percent of their wealth trapped inside their illiquid business.
With so much of their wealth trapped in the closely held business, there is a real fear that once they exit their business they will outlive their money. This emotional fear can be the largest obstacle for business owners to overcome when transferring their business. However, with proper education and planning business owners can position themselves to make a confident decision.