After building a successful business, many owners decide on transferring their business to their children. Too often, those owners assume that transferring a business to children will go smoothly and [...]
For many business owners, a sale to a third party is their assumed Exit Path. Some business owners even start their businesses with the goal of finding a larger, more [...]
Today, we discuss the essential elements of a plan owners use for business insider transfers that keep the owner in control until he or she is paid the sale price. [...]
When you sold your home, you did not hesitate to use a realtor. Exiting your business can be much, much more involved (and financially more significant) than selling your home [...]
Many business owners find that transferring management responsibility is an important issue for them to address when they are thinking about leaving their business. However, many tend to overlook this [...]
Myth: "My CPA will tell me when it is time to start planning for my business transition." (Replace CPA with "attorney," "financial planner," or "insurance professional" and the transition planning myth remains [...]