Business Winding Up or Saleable Business?

Over the course of the last 10 years I've seen long time business owners nearing retirement age make one of two choices:

1) Sell there business, or

2) Run the business until their too tired and close it up.

As you look at your business, think about where you want to be in 5 years or 10 years. Understand that sometimes later in your business career you may not have the same energy to keep competing and/or upgrading to maintain status. 

Think about: 1) Who might want to buy your business? Is there a key employee who could be groomed to buy your interest? 2) Is there a succession plan? 3) Are there major competitors looking to enter your market?

If you desire to sell your business, wind it up, or begin succession planning, then call Kirk Sanders at 336-724-4707 to discuss your strategy and draft your agreements.

Beware: don't sell your business or bring in a partner without consulting with an attorney beforehand. Preferably early in the process. Many times I've seen bad partners & poor sales/finance agreements destroy a valuable business. 

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