If there is no one to buy your business, you shut it down. In a liquidation you sell off your assets, collect your accounts receivables, pay of outstanding debt, and keep what’s left, if anything for yourself.
The primary reason to consider liquidation is that a business lacks sufficient income producing capacity apart from the direct [...]
Posts Tagged ‘retirement’
Liquidation: Shutting Down Your Business
Posted on July 25th, 2008 by Bay Area Business Sales
Filed under: Exit Strategy, Transferring Business Ownership
Blood From a Turnip: Selling Your Business to Co-owners or Employees
Posted on July 24th, 2008 by Bay Area Business Sales
Filed under: Exit Strategy, Transferring Business Ownership
One of the advantages of having other owners in your business is that they can be your means to retirement. Â A common retirement planning technique is to take on a younger minority partner while you are still active. Upon your retirement, the younger owner will purchase your remaining stock.
This can be advantageous because the younger [...]
Leaving Your Business: Who Will Take The Reins When Your Gone
Posted on July 22nd, 2008 by Bay Area Business Sales
Filed under: Exit Strategy, Transferring Business Ownership
Just last week I met with the owners of a manufacturing company in San Jose, California. Husband and wife had started the business 30 years ago and over the years had brought in their son and brother in law to work in the business. Now well into their 60s, the owners want to retire while [...]