How do I prioritize my personal wealth plan during the sale of my business?

Individuals and families considering a business sale typically face a daunting intersection of planning issues. These may include deal structure decisions, legal and regulatory considerations, income tax minimization, capital- sufficiency analysis, wealth transfer and philanthropic goals. As a deal approaches the closing stage, an owner’s attention will be focused on getting the deal done—and rightly so. Yet, it is equally important that business owners not lose sight of the impact a company sale will have upon their personal wealth profile.

To ensure that personal wealth planning doesn’t take a backseat to the company transaction, this article provides several action items that should be considered first.