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REALTOR® Emeritus
Architecture Guide
Cost vs. Value Report
Good Neighbor Awards
Handouts for Customers
Top 100 Companies
Take a Quiz
30 under 30
Young Professionals
REALTOR® Emeritus |  | SELLING YOUR BUSINESS | | ||
|  Are You Ready to Retire? Retirement Budgeting Sources of Retirement Income Tax-Deferred Savings Vehicles Estate Planning Selling Your Business Getting Your Business Ready for Sale Working With a Business Broker Closing-Your-Business Sale More Resources: Retirement Planning | 5 Parts to a Successful Exit Before you take the first step toward selling your business, you should: 1. Determine your personal and financial goals. How much after-tax income do you need from the sale of your business? 2. Obtain a professional evaluation of our business. Will the after-tax net income from the sale support your financial and personal goals? 3. Explore ways to create and preserve value in your company. What can you do to keep key salespeople and employees? 4. Be sure to have a buy-sell agreement and estate plan to protect your interests and those of your heirs before the sale closes. What will happen if you die before the sale? 5. Plan for taxation. Are there other ways to minimize income and estate taxes? Courtesy of James Thomas, an attorney with Denver-based Minor & Brown P.C., a firm specializing in exit strategies and business planning and acquisition for privately owned businesses. TIP: Don’t tell your sales associates about your sales plan until you’ve definitely decided to sell. However, once you’ve reached an agreement, be upfront about your plans and what the new owners will offer them. Use the following tips to decide how to present the sale to your salespeople and office staff . Selling Isn't the Only Option > | |