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- Finally, in the Strategies & Implementation segment,

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you'll want to include an exit strategy.

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In my experience, this is one

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that's really hard for people to address,

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as no one wants to plan to exit the business.

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But keep in mind, this does not always mean closure,

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although you still want to address that as well.

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This could mean you plan to grow and sell the business,

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so speak to that.

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However, at a minimum, you'll want to show

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that you have planned for contingencies.

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This will be roughly four to five paragraphs about

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how you will handle any turbulence the business may have

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in the face of potential closure.

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The goal of this is to show how you plan to ensure

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the investors will receive the return of their investment,

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regardless of the success or failure of the business.

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For example, you may say something like this.

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"It is the intent of the current owners

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to continue to operate ABC LLC for the next 50 years,

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unless a viable offer is made by a third party

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to purchase the company,

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or the current owners decide to retire

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and the ownership transfer of the business

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has been agreed upon by all.

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However, if at any time in the future

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ABC LLC cannot continue to successfully operate,

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or if the owners are unable to fulfill

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the demands and responsibilities

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of their positions within the company,

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all open transactions will be fulfilled,

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and then measures will be taken to close the business

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with minimal impact to any individual.

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The definition of successful operation and timeframe

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in which to achieve specific objectives and milestones

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to remain in successful operation will be predetermined,

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and the evaluation will be an ongoing process."

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Keep in mind that you will want to also address

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how the liability is measured,

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and how you plan to sell assets to offset debts.

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Take your time to really think about

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how you would want to be paid back

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if you were investing in this business.