Do you have a plan for when you are ready to move on to the next phase of your life?
When business owners talk about what they want from their retirement, leaving a lasting legacy is front and center, as is getting a fair sale price. Selling a business to the employees can accomplish this and more.
Your business is your baby and also your legacy. If you’re getting ready to retire, you should know all your succession options. Some options include selling the business within the family, selling the business to an outside buyer (acquisition), transitioning to employee ownership and—what we want to help you avoid—closing down the business.