Jul 08
Is your business ready for your retirement?
July 08, 2016

- What are your main objectives at the time you leave your business? For example, on your retirement date, what income do you need to achieve financial security and to whom do you want to leave the business?
- What is your business worth? The value of a business is different for various buyers and the seller. The value should not be confused with the price, which is an amount that the seller and buyer agree to in order to transfer the business.
- Do you know how to increase the value of your business? You need to take in to consideration that your employees are your most valuable asset.
- What is the best way to sell a business to a third party to maximize liquidity, minimize tax liability and reduce risk?
- Do you know how to transfer the business to a family member, a partner or to the employees while paying the minimum possible in taxes and enjoying financial security?
- Have you taken all the necessary steps to ensure continuity of the business without you?
- Have you provided for the financial security of your family and the continuity of your business in the event of your death or disability?