As a business owner, you will eventually leave your business. The exit path you follow, and the successor you choose, is critical in determining the quality of your life. A successful exit must meet both your financial objectives, as well as your value-based objectives.
There are four primary paths to transfer or sell ownership in a business. You can gift or transfer ownership to family members, sell to a partner or a key group of managers, create an employee stock ownership plan (ESOP), or sell to a strategic or financial third-party buyer. The most important consideration is to select a path that will generate enough income for you to live a comfortable lifestyle.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
