Tips on business exit planning

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Massachusetts Fishing Reports > Tips on business exit planning

Tips on business exit planning
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Mar 29, 2023
7:34 AM

Business exit planning > involves preparing for the eventual sale or transfer of a business to new owners. It is important for business owners to start planning well in advance, as it can take several years to properly prepare for a successful exit. Key tips include identifying potential buyers or successors, valuing the business, maximizing its value through strategic improvements, addressing tax and legal considerations, and developing a transition plan to ensure a smooth transfer of ownership. Seek the guidance of a professional advisor with expertise in exit planning for the best outcomes.

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