Exit planning affects your business. In Dr. Stephen R. Covey’s The 7 Habits of Highly Effective People, Covey instructs the reader to envision attending their own funeral. What would you want others to say about you? What would you want the sum of your life’s...
If you are looking to sell your business, you might want to explore transferring ownership to a key employee. When you started your business, you probably never considered the day you would retire, or leave your business in someone else’s hands. A business...
Planning to exit your business can be a big undertaking. Exiting has big implications for your business, the assets, your team, and your taxes. Whether you are planning to retire or sell your business you will want to create an exit plan. Working with your legal...
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 on to 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,...
