Business Exit Planning
in Bannockburn, IL.
You built something worth selling. Now make the proceeds last.
For most business owners, the sale is the retirement plan. The proceeds have to replace the salary, the benefits, and the income stream you've depended on for decades. That's a high-stakes transition, and it requires more than just a financial advisor who handles 401(k)s.
At our firm, we've guided business owners in Chicago's Northern Suburbs through exits and liquidity events for nearly 50 years. We know the questions to ask before you sign, and the mistakes to avoid after the wire hits.
What this looks like in Bannockburn.
Business exit planning is the most common entry point for new Bannockburn client relationships. When a business owner has committed to selling and begins the process of finding an advisor who understands both the transaction and the retirement that follows, we're positioned to help with the full arc: pre-sale tax positioning, deal structure review, proceeds management, and the income plan that turns the sale into a sustainable retirement in one of Lake County's most exclusive communities.
The county details.
Lake County has a strong mid-market business community beyond its major corporate employers, manufacturers, professional services firms, healthcare services businesses, and technology companies whose owners are approaching retirement age. For Lake County business sellers, coordination between sale proceeds and existing retirement assets (pension, deferred comp, equity awards from a prior employer) requires a comprehensive plan that addresses all income streams simultaneously. The Illinois estate tax is particularly relevant: a successful business sale that produces $3-5 million in net proceeds, combined with existing investment assets and a Lake County home, can push a seller's total estate well above the $4 million Illinois exemption, making pre-close estate planning essential.
Why Bannockburn.
Bannockburn clients often arrive with wealth concentrated in a business or concentrated stock position, and are planning exits and transitions. Our work here typically involves pre-sale tax planning for business owners, concentrated equity strategies, and estate plans designed around properties and legacy assets that will span multiple generations.
Things Bannockburn families ask.
Down the shore.
Talk to a Bannockburn
advisor.
One free conversation about business exit planning, at your kitchen table, our Evanston office, or a video call.