Jacqueline B. Wolpert, Director | Venture Exit Partners Directors

Facts on Exit Planning

Almost 50% have no plan to transfer ownership, management and control, and the percentage is even higher for companies that have been in business for less than 20 years
Nearly 60% of closely held companies have failed to gauge the potential tax exposure upon a transfer of ownership
25% are due to change hands within the next 5 years
About 90% of owners of closely held companies would like to transfer ownership, management and control of their companies to family or non-family key employees. Less than 50% manage to do so
Only 33% have defined criteria for hiring and promoting family members who want to take an active role in the business
Over 33% of closely held companies have no procedures in place for dealing with disputes between family member owners

^{1The statistics provided above have been derived from a variety of surveys of closely held business owners including: the PricewaterhouseCoopers 2007-2008 survey of nearly 1,500 closely held companies; the 2007 survey of 800 closely held businesses by the University of Connecticut School of Business Administration Survey; and the 2003 Arthur Andersen/Mass Mutual American Family Business Survey.}

Jacqueline B. Wolpert, Director

Jackie is focused on developing business valuation and tax strategies in business exit plans. Her background includes work at major accounting firms, including KPMG audit department and Deloitte & Touche corporate tax department.

Certified Valuation Analyst (CVA), National Association of Certified Valuation Analysts
Certified Public Accountant
Formerly affiliated with accounting firms, including KPMG audit department and Deloitte & Touche corporate tax department
Graduate, Rutgers University, MBA (professional accounting), and Brown University, BA