May 26— The unprecedented economic circumstances stemming from the COVID-19 pandemic are only beginning to be understood and will likely be felt for some time. What should be the primary focus for business owners who are thinking about a transition plan and whether to reopen or sell? National Director, Business Value Strategies, Stuart Smith, shares that liquidity should be the main area of focus as the livelihood of the business, and while the business may be stable, any thoughts of exiting in the near or medium term are almost certainly on hold. Why? Because while successful M&A transactions may have numerous ingredients, two are essential: willing buyers and available financing.

Please read Stuart’s article, The COVID-19 Impact on Business Transition

M&T Emerald Advisory Services and Wilmington Trust Emerald Advisory Services are registered trademarks and refer to this service provided by Wilmington Trust, N.A., a member of the M&T family.

The information provided herein is for information purposes only and is not intended as an offer or solicitation for the sale of any tax, estate planning, or financial product or service or a recommendation or determination that any tax, estate planning, or investment strategy is suitable for a specific investor. Note that tax, estate planning, and financial strategies require consideration for suitability of the individual, business, or investor, and there is no assurance that any strategy will be successful.

Wilmington Trust is not authorized to and does not provide legal, accounting, or tax advice. Our advice and recommendations provided to you are illustrative only and subject to the opinions and advice of your own attorney, tax advisor, or other professional advisor.

The information in this podcast has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The opinions, estimates, and projections constitute the judgment of Wilmington Trust and are subject to change without notice.