One of the most common ways to transition a family business is by selling to a family member. This option is often attractive to business owners due to the ease of transition and the option to keep the business in the family. How does one go about selling 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...
Transferring your family business is often a large process for small business owners. Having an effective succession plan in place helps avoid many of the potential pitfalls in the transition. Whether you are ready to retire or plan to be a part of the business until...
Many small business owners spend a lifetime building their business. But many fail to plan the transition of their business. This transition process is known as succession planning. It can be difficult for an owner to decide whether to sell, dissolve, or transfer the...
