Honeycutt, Smith & Associates helps business owners plan their exit from their companies. They offer a seven step exit planning process to help owners transfer their business to successors, whether family members or outside buyers, while maximizing financial returns and minimizing taxes. They have been named top wealth managers by San Diego Magazine for their expertise in exit planning and growing business value so owners have sufficient resources for retirement upon leaving their companies.

1. Exit Your Business in Style
Paul E. Honeycutt and Ronald F. Smith of
Honeycutt, Smith & Associates
Honeycutt, Smith & Associates
6310 Greenwich Drive
Suite 220
San Diego, CA 92122-5902
Phone
San Diego: (858) 200-0900
Las Vegas: (702) 892-9911
Email
info@honeycuttsmith.com
Website
www.honeycuttsmith.com

2. We help our business owner clients plan for the
single, most critically important financial event of
their lives – the transition out of their business.
Why Exit Planning?

3. Business Owners | Exit Planning Basics
Without exception, every owner
leaves his or her company.
Whether you do it in style
depends on the specific exit
planning actions you take before
you leave.
If you see ownership change in
your future, we can help you plan
towards a successful business
exit.

4. 80% of business owners sell their
business to retire.

5. 50-75% of a business
owner’s Net Worth is
typically in their business
assets.
Business owners usually
have one chance to
transfer their largest
asset.

6. The value of your business
will determine not only the
quality of your life once you
leave your company but
how long you will have to
stay in the business before
you can leave.

7. Exit Planning helps business owners set, sort
through, and pursue their exit objectives.
It enables owners to
leave their
companies when
they want, to the
successors they
want, and with the
amount of cash they
need.

8. Exit Planning is a customized process of setting goals
and deciding how best to achieve them.
Whether your successor will be your children,
a key employee or an outside buyer, Exit
Planning strives to help you maximize your
financial return and minimize your tax liability
when you transfer your business. If you die or
become disabled before you retire, Exit
Planning will help the business survive your
departure—enabling your family to receive its
full value.

10. The Seven Step Exit Planning Process
TM
Step 1 – Identify Exit Objectives
Do you know your exact retirement goals and what it
will take—in cash—to reach them?

11. The Seven Step Exit Planning Process
TM
Step 2 – Quantify Business and Personal Financial
Resources
Do you know how much your
business is worth today, in
cash?

12. The Seven Step Exit Planning Process
TM
Step 3 – Maximize and Protect Business Value
Do you know the best way to
maximize the income stream
generated by your ownership
interest?

13. The Seven Step Exit Planning Process
TM
Step 4 – Ownership Transfer to Third Parties
Do you know how to sell your
business to a third party and
pay the least possible taxes?

14. The Seven Step Exit Planning Process
TM
Step 5 – Ownership Transfer to Insiders
Do you know how to transfer your business to family
members, co-owners, or employees while paying the
least possible taxes and enjoying maximum financial
security?

15. The Seven Step Exit Planning Process
TM
Step 6 – Business Continuity
Do you have a continuity plan for
your business if the unexpected
happens to you?

16. The Seven Step Exit Planning Process
TM
Step 7 – Personal Wealth and Estate Planning
Do you have a plan to secure
financial independence for your
family if the unexpected
happens to you?

17. The Value To You

18. By completing our Value Driver
brochure we will assemble
information about your goals and
how you currently measure and
grow value. We’ll review your
answers to determine: 1) if there
is a gap between current
business value and the value you
will need to exit and 2) identify
ways for you to close that gap.
You will then have the tools you
need to measure growth in value
and to understand and determine
what actions you can take to
increase value.

19. A Successful Exit Requires Planning
“...71% of small and mid-sized enterprise
owners plan to exit their businesses
within the next ten years, strongly
highlighting the growing importance of
enhancing business value. However,
the challenge is that few organizations
genuinely understand what actions
they must take to achieve this goal...”
-Deloitte & Touche LLP

20. FIVE STAR
Wealth Managers
Financial advisors Paul Honeycutt
and Ron Smith of Honeycutt,
Smith & Associates have been
named 2010, 2011, 2012, 2013,
2014, and 2015* FIVE STAR
Wealth ManagersSM
by San Diego
Magazine.
San Diego Magazine partnered
with Crescendo Business Services
and surveyed over 68,000 high-
net-worth households within the
San Diego area to find wealth
managers who scored the highest
in overall client satisfaction.
*2011 and prior: Based on 9 criteria including; customer service, integrity, knowledge/expertise, communication, value for fee charged
and overall satisfaction. 2012-2015: Based on 10 objective eligibility and evaluation criteria including: minimum of 5 years as an active
credentialed financial professional, favorable regulatory and complaint history, fulfillment of firm’s internal review, accepts new clients,
client retention rates, client assets administered, number of client households, education and professional designations. The award is
not indicative of the wealth managers’ future performance. For more information please visit www.fivestarprofessional.com.

21. Paul E. Honeycutt, CFP® Practitioner, and Ronald F. Smith, CLU, ChFC are Registered
Representatives and Investment Adviser Representatives with/and offering securities and
advisory services through Commonwealth Financial Network, member FINRA/SIPC, a
Registered Investment Adviser, CA Insurance License No. 0728831, 0688599. Financial
Planning offered through H.S. Financial, Inc. in the States of CA and NV.
Contact Us
Honeycutt, Smith & Associates
6310 Greenwich Drive Suite 220
San Diego, CA 92122-5902
Phone
San Diego: (858) 200-0900
Las Vegas: (702) 892-9911
Email Website
info@honeycuttsmith.com www.honeycuttsmith.com