What is the right way to exit your business when you decide to retire? It isn’t prudent to simply walk away, and there isn’t a ready marketplace for the sale of businesses. Each transaction is unique. The employees of those businesses also care about the outcome, as their livelihood will be impacted by the succession planning decisions made by the owners. Those employees could be potential buyers for the business. Our economy will be impacted by such a crush of businesses changing hands, especially if the sales aren’t properly handled.
Listen as we interview Jim Carlisle, attorney at Dinsmore. Jim has over 25 years of experience working with business owners with respect to growth and exit planning, mergers and acquisitions and family business.
Dinsmore is not affiliated with LPL Financial.