Case Study

Charting Your Own Course

A middle-aged entrepreneur who had successfully built his company into a leading technology service provider was at a point where he wanted to work less and travel more. He initially looked to FBB to assist with reviewing his business continuity plan–what if something happened to him tomorrow? Later, he decided that finding a strategic buyer for the company would be the best long term solution for both him and the business.

FBB Capital Partners became involved early on in the process as a financial quarterback. The firm reviewed various investment banking firms and presented the pros and cons of each to the entrepreneur. FBB Capital also assisted in building out a team of professionals including estate planning attorneys and accountants to help determine the most appropriate titling structure for his share of the business.

Through the process, the client’s charitable inclinations became increasingly evident, as was his need for a long term stream of income from his assets. In the end, a charitable remainder trust for a substantial part of the sale allowed him to minimize taxes, provide income for his lifetime, and leave the remaining assets to the charities of his choice—including the conservation of wildlife.