If you are currently in the process of ending the business’ operations, take care of these areas to ensure your business is officially terminated with the state.
Business owners decide it’s time to sell for many reasons. Some of the standard tips for how to get the most for your investment when selling a business are less obvious than others. Here are some of the less obvious tips available.
You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Don’t let the pressure of taking over your family’s business wear on you. Instead, take steps for a smooth transition.