Business Succession Basics: The Exit Options, the Timeline, and Your Succession Plan

Know every way to leave your business, what each one pays and costs, and build a written succession plan that protects the company if something happens to you tomorrow.

Who it is for: Every owner, whether the exit is next year or in ten.
Runtime: 50 minutes · Headliner course

Pre-order: this course is in development and appears in your portal the day it is released. Buy 5 or more and every course is 30% off.

See the full track See the full curriculum

Instant download after payment. Nothing is withheld for a later purchase.

What you receive

Succession Plan template, attorney-drafted with prompts
Exit Options comparison chart with after-tax numbers
Business Continuity checklist and instruction letter template
Exit Readiness scorecard
Five-Year Exit timeline
The narrated lesson. 50 minutes, cued to the deck, with chapter markers by lesson. Emailed to you the day it publishes, at no extra cost.

What the course covers

01Why plan: continuity, value, family, and taxes5 min
02The doors: family, management or employees, a third-party buyer, and liquidation9 min
03What a business is worth and what buyers actually pay for6 min
04The three-to-five-year timeline6 min
05The emergency plan: the if-something-happens letter, insurance, and the agreement provisions7 min
06Taxes by door, in one picture5 min
07Worked example: an owner at 58 with 1.2 million dollars of earnings walks through three doors, after tax8 min
08Tricks of the trade and traps: start with the estate plan, incentives for key people, separate the real estate, and the child who does not want it4 min

How it fits: Headline course. Requires 5.1. Foundation for 8.2 through 8.6.

The standard every course holds

A narrated lesson of 45 to 60 minutes, produced as audio
A designed slide deck you download and keep
A computational workbook that runs the actual legal tests
A toolkit of checklists and protocols
A legal authority appendix carrying the two-pass vetting protocol

Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.

Where this course sits

Track 8: Succession Planning and Mergers and Acquisitions

This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.

Back to this track

Educational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.