Here are eight ways for a business owner to leave their companies. Number one: transfer the company to a family member. Number two: sell the business to one or more key employees. Number three: sell to key employees using the employee stock ownership plan, or ESOP. Number four: sell the business to one or more co-owners. Number five: sell to an outside third party. Number six: engage in an initial public offering. Number seven: retain ownership but become a passive owner. And number eight: liquidate. Given the right circumstances, one of these paths may be appropriate for you. The process of determining exactly which path is best presents an obstacle to many owners. However, if you wish to leave your business in style we suggest that you work through our three step path selection process. For more information call the number on the screen or visit us at businessexitnow.com.
Business Exit Planning – 8 Ways to Exit Your Company
"The contents of this material was published on October 29, 2020 and may be outdated and not reflect current facts. This materials should be used only as a reference."