Jeb Bush at the Douglas County Fairgrounds in Castle Rock, Colo., on Oct. 29, 2014
Melina Mara—The Washington Post/Getty Images
January 1, 2015 11:27 AM EST

Former Florida Governor Jeb Bush has resigned all corporate and nonprofit board memberships, his office announced late Wednesday night, signaling that his preparations for a possible run at the White House in 2016 are picking up steam.

If he runs, Bush is likely to be a favorite of the GOP establishment. Divesting himself of his various nonprofit and business interests, some of which have made him quite wealthy, could be part of a strategy to shield him from criticisms similar to those leveled at Mitt Romney during his run in 2012.

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