Biz Tek Today: Always Be Prepared to Sell Your Business

1/31/17

By Michael Mercurio Esq., Offit | Kurman, Attorneys at Law

biztek

The article below on being prepared at all times to sell your business is a good one. And business owners should adopt this mindset because many times sale opportunities come when not expected. However, recently I attended an event where a business owner lamented over the options of selling his business. One participant raised his hand to state that maybe the owner should not sell but rather simple develop a plan to retire in the business. This suggestion resonated with me. As many baby boomers look at their options for succession, transfer and sale, perhaps one option that does not receive enough attention is retirement in place. That is, developing a plan to retain the business, develop key personal and set into a motion a multi-dimensional win/win circumstance. Many businesses will sell with the boomer transition; many business, however, many not be saleable. Developing alternative tactics now is key.

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Biz Tek Today (BTT), is an online resource for entrepreneurs. BTT recognizes that you are a busy leader in business and that finding time to identify and read relevant news for your business is challenging. BTT seeks to lessen this burden by regularly gathering the best of the best news articles from a host of national media and industry sources and delivering them to you in one convenient email.

Michael N. Mercurio, Chair Business Law and Transactions
mmercurio@offitkurman.com | 301.575.0332
www.michaelmercurio.net Linkedin | Read|Delete | Connections |

©2017 Michael N. Mercurio, Offit Kurman, Attorneys At Law. All rights

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