How to Smoothly Transition Ownership of a Small Business

Picture of The Kaizen Team The Kaizen Team · April 25, 2024

tax strategy business strategy retirement
How to Smoothly Transition Ownership of a Small Business
 

Unsure where to start with transitioning your small business? There are four main options for transitioning a business: selling to a private equity firm, selling to an internal employee, transitioning to a family member, or selling to an outside party. We emphasize the importance of professional guidance throughout the process, including an accountant, attorney, and business broker.  Planning for a successful transition should ideally begin three years in advance. 

Want to know more? Send us an email: bsb@kaizencpas.com

 
Why Business Growth Isn’t Linear (and What Actually Happens Instead)

Why Business Growth Isn’t Linear (and What Actually Happens Instead)

Most business owners picture growth as a straight line. Work hard, get results, keep climbing. But that's not really how it plays out in practice. ...

business strategy
Read, Watch, or Listen →
Why Your Paper Timecards are a Liability (and How to Fix It)

Why Your Paper Timecards are a Liability (and How to Fix It)

I am sitting here looking at a standard piece of 8.5 by 11-inch white paper. To most people, it is just a tool for notes. But in the world of...

payroll + hr + compliance
Read, Watch, or Listen →
How Many Employees Should Your Business Have?

How Many Employees Should Your Business Have?

There’s no perfect number of employees for a business. You can run lean and maximize profit. You can staff heavier and create breathing room. Most...

tax strategy
Read, Watch, or Listen →