Business Enterprise Institute recently designated Arthur “Chip” Mayo, managing partner of Wilmington-based Cornerstone Business Advisors, as a Certified Business Exit Planner.
 
Mayo is one of about 300 business professionals nationwide with this credential, a news release stated.
 
Business Enterprise Institute (BEI) offers the 120-day program to train and certify designated business professionals about creating exit plans that coincide with the objectives of their business owner clients, the release stated. Business professionals who receive the designation must meet specific training prerequisites and complete rigorous testing to earn the certification, according to the BEI website.
 
“Chip is perfectly positioned to counsel business owners and their advisors on a wide array of business issues ranging from building value within a business to identifying exit objectives, addressing key employee incentive planning and retention issues, incorporating business continuity planning, and establishing wealth preservation,” John Brown, CEO of BEI, said in a release.