Even those people who do not currently intend to leave their business can still benefit from the services provided by an estate planning lawyer who is knowledgeable about the exit planning process.
Although you might have heard peers and colleagues talk about the concept of exit planning, you might not have any plans on leaving your business anytime soon and may assume that this process is not relevant for you. You certainly might feel as though you were so integral to and dedicated to your business that you don’t ever intend to leave the company. 
Some people fall for the myth that they don’t need to plan for their business exit at all. But this is a very fraught mindset that can lead your employees and your family members in a very difficult situation if you were to suddenly exit the company. This is where the support of a knowledgeable estate planning lawyer can be instrumental in identifying weaknesses and helping you to chart a path for the future. It is often difficult for those who have never engaged in the exit planning process to think about a time in which they are not involved in the business.
No matter how you ultimately end up exiting the company, whether it is by passing away, selling the company or transferring ownership, you could owe more taxes than you would expect if you don’t plan ahead. Exit planning can help to address these issues since your estate could benefit from a step up in basis if the ownership was transferred according to your estate plan. This is just one reason why you want to protect the continuity of your company. Furthermore, you can increase or maintain momentum because you will be unlikely to want to stay in a stagnant business. Business owners who use the exit planning process will realize that this focuses on generating business value regardless of whether or not you exit the company. Installing value drivers can increase the possible business growth of the company and working with a lawyer can help open their eyes to the potential for training employees now who could make a big difference in the future.
