For most small business owners, there comes a day when you decide to transfer your business. This may be because you wish to retire, seek a partner to assume ownership, or are ready to move onto something new. No matter the reason, transferring ownership has many...
Have you been trying to sell your business for a while or are looking to sell your business? One of the wisest things you can do is hire a business broker. Selecting a quality broker will allow you to maximize the sale price of your business. In addition, a quality...
Financing a partnership buyout can be a tricky situation. By knowing your options and selecting the best fit, both the buyer and the seller can benefit. There are many ways to structure the financing of your partnership buyout. A few options include lump-sum payments,...
Partnership buyouts happen for many reasons. Sometimes a partner has a new opportunity that is too good to pass up. Maybe a partner is no longer in line with the vision of the company or there has been a personality conflict. Most often is when a business partner is...
Each year, thousands of businesses change ownership. Yet, many owners don’t maximize the financial proceeds from this historic event. This event is a one-time opportunity to monetize the years invested in the business. One of the primary reasons why business owners...
A business exit strategy is simply a plan for what will happen when you are ready to leave your business. Just like you have a clearly defined business plan to guide your business through the course of its life, you should have a plan for exiting. There are several...
