THERE COMES A TIME in the life of every business when the business owners must began to think of an exit strategy. Perhaps you want to pass the business along to your children, sell shares to a trusted partner, or maybe just sell the business outright to a third party. Whatever your goals, the key to a successful exit strategy is careful planning and preparation.
In this video, small business lawyer, Suzanne Meehle, explains some considerations in planning and executing a proper exit strategy including buy-sell agreements, “shotgun” clauses, third party purchasers and first rights of refusal, the sale of assets, family succession planning and more.
For more information, contact us today to schedule an appointment to discuss the particulars of your business needs and interests.