Sooner or later you are going to leave the company. It is not about whether or not it is ready. Sixty-thousand dollar question is whether your business is ready. It is estimated that seven out of ten privately owned companies, established a succession plan to transfer the business to a new generation of owners. What does it mean for you? This means that if you do not currently have a plan to move his family, his current partner in the management or employees, and sometimes you can think of to sell the company. This date may be closer than you think. Do not make the mistake of thinking that just because there are no ready to retire, you have a lot of time to prepare your business for sale. As a business broker, I was involved in a series of transactions (transactions and potential) that the owner of the company wanted to sell, or in some cases, was forced to leave the company sooner than expected. In fact, retirement is not the main reason why companies sell. The sad truth is that many business owners do not care for their most valuable assets: the company. They are not married to someone to continue the business in his absence and not to keep the company on a commercial during his time running the business. Business owners tend to be too bogged down in day to day business operations to worry about or planning an event not to perceive the morning until sometime in the distant future, to sell the company. Unfortunately, the fate imposes sometimes circumstances beyond your control, and difficult decisions must be taken.

If your company is not willing to sell when the time comes, what are your alternatives for liquidating the assets of the company? It may be a solution, but usually falls very little money to the owner of the company. If the company was a going concern, the underlying assets (excluding real estate) may be outdated and of little use to anyone. At the auction, the assets will bring only what the contestants are willing to pay. In some cases, assets are sold to liquidators (or junk) for pennies on the dollar. Liquidation of a company often happens when the owners became ill or disabled, or need to retire and have not planned adequately for release of the company. Closure of the enterprise – is even less interesting than liquidation. This is because many who are in this situation tends to postpone the liquidation of assets in the hope that maybe someone would dare to buy this company. This is almost never happens. Okay, if you think you have enough to do without throwing more on the stack. Am I right? That’s why I wrote this article for you. You can include a down and dirty overview of the things that you should start thinking and planning now. This will provide an additional safety net to protect your valuable business asset.

Christina Perri Har Of Hearts

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