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When you own a business, you need to be thinking about the future. The truth is that one day you are going to want to retire; you need to know who is going to take over when that time comes. If you have partners, you need to plan for anything that may happen. One...
Whether you are planning for the future or your retirement is looming near, you might be trying to figure out what is going to happen when you are ready to retire from your business. There are several choices. You might decide to sell it, let your children continue to...
If you are a business owner, you are going to need to have a buy-sell agreement ready. Also known as a buyout agreement, this is a plan for determining the future of a business should you retire. If you have multiple owners, it can also determine the future of the...
Dissolving a business is necessary for many reasons. If you (or one of your partners) wants out, legally you can’t just close the doors. By dissolving it, you are no longer responsible for the business’ taxes, cash flow, debts, or any of their other...
