Business Exit Strategy—Do I Need One?
Attention Business Owner…..a few things to consider that we often don’t like to discuss ….like a lot of things in our business life….the conversation can be uncomfortable.
Let’s ask ourselves a few questions…..
– What would happen to the business if a co-owner should become disabled or die?
-Would you be concerned with continuing to pay a salary to a disabled co-owner employee who is no longer contributing to the success and profits of the business?
-Would you be concerned with his or her continuing to have a voice as co-owner in running the business….it he or she is no longer active?
-Could you work effectively with the spouse of family of a deceased or disabled co-owner? Would you even want to?
-Do you have the means to buy out the business interest of deceased or disabled co-owner/partner?
-Do your co-owner/partners have the financial means to buy out your interest in you become disabled or die?
-What happens if you or one of your co-owner/partners wants to leave or retire?
These are serious issues….can create personal and financial hardship and ruin years of hard work….
At INCOME RESOURCE GROUP we have very simple-to-implement solutions…that put you back in control..
Give us a call at (908)419-5170…….or shoot us an email at [email protected]
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