Ready to sell your small business? Planning to pass it on to a member of your family? Maybe a longtime employee wants to buy the business from you when you retire? One thing is certain, eventually, you will exit your small business and there are a number of options to consider.
Do you Have a Plan in Place?
How and when you will exit may not be top of mind right now. After all, running a small business takes a lot of time and energy. If this describes you, you are not alone. Studies show that between 50% to 85% of small business owners have no formal plan to exit their business.…Continue reading