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 [...]

You might begin the business transfer process with the thought that a sale to a key employee, co-owner or family member is the path to maximum cash on departure. This is very seldom the case. With proper preparation, more often than not, you can maximize the net dollars you receive by selling to a third [...]

One of the advantages of having other owners in your business is that they can be your means to retirement.  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 [...]

Stephen owned a successful health care business in the San Francisco Bay Area. He knew the time had come to transfer ownership of his business. He had started the company over 25 years ago, had poured his energy, talent and money into it and was proud of its success. Stephen had two sons working in [...]

You, or someone very close to you, are part of 78 million Americans that make up the largest population segment in the United States: Baby Boomers. This generation is classified as anyone born between 1946 and 1964. According to a recent study by BIG Research, 9% of boomers with household incomes exceeding $50,000 are small [...]

 
Maximize what you get and minimize what the IRS takes.
We talked about setting your “end game” objectives as an important step in mapping your business Exit Plan. Remember, if you don’t know where you’re going, any map will do. Equally important is the starting point. If you don’t know where you are…a map won’t help. Valuing [...]

 
What exactly is a Business Exit Plan and how do you create one that allows you to leave your business in style. There are an infinite variety of businesses and business owners. Each owner’s exact Exit Plan will vary, yet most all contain common elements. 
The following questions will serve as a framework to develop a Business Exit Plan. [...]