Strategic Planning for a Successful Business Exit, with Andrew Henry, Childs Company
Andrew Henry: You obviously have the time between now and exit and then the time post-exit. Asset diversification is one of the things we talk about. Tax strategies. Again, not a practicing CPA, but I still hold on to it. So no, it’s not enough to be dangerous, but you really need to bring in an expert in the tax realm in order to cross all the T’s and dot all the I’s in order to structure your company in a way that’s going to maximize your value after tax between now and exit.
After exit, or really at exit, there’s a couple of strategies that you could also look into from a charitable giving standpoint. And estate planning, you should bring in an attorney.
Having a team around you is one thing. Bill, that I would also say that it could be a mistake that most business owners would make is not having everybody in place. You talked about people on the bus. If you’re going to go through an exit, you need to have the right advisors on a bus, being an M&A attorney, either a brokerage or an investment banker, obviously CPA, and then what we think is a private wealth guy as well.
Listen to Andrew’s full ProfitSense with Bill McDermott interview here.
Andrew Henry, CPA, CFP®, Partner, Childs Company
Andrew Henry joined Childs Company in 2014 after beginning his career at Ernst & Young, LLP, which is one of the four largest international professional services firms. Ultimately serving as a Senior Accountant in the Assurance practice, his experience includes working with the initial public offering (IPO) for a Fortune Global 100 company, encompassing debt and equity offerings. Additionally, he gained experience performing analytical procedures and extensive financial analysis for client financial statements.
Andrew is a Certified Public Accountant (CPA) and a Certified Financial Planner™ professional. He focuses on the firm’s strategic growth through business development and client satisfaction. Andrew is also responsible for leading the financial planning and business retirement plan advisory practices at Childs Company.
Andrew is a Registered Representative with Kestra Investment Services, LLC and an Investment Advisor Representative with Kestra Advisory Services, LLC.
Andrew graduated from the University of Georgia with a Masters in Accountancy. Andrew actively supports Camp Horizon, a non-profit organization that serves foster care children in metro Atlanta. He lives in Peachtree Corners with his wife and two young sons, and enjoys golf, exercising and spending time outside with his family.
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