How to Smoothly Transition Ownership of a Small Business

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

 

YPD HCM is part of the Kaizen CPAs family. YPD HCM specializes in payroll and HR compliance for small businesses, providing the hands-on support to get your people paid and stay compliant without having to become an expert yourself.

The information in this article is provided for general educational purposes and reflects conditions as of the publication date. It does not constitute legal, tax, or compliance advice. For guidance specific to your business, consult a qualified professional.

When Not Raising Your Shop's Prices Becomes the Bigger Risk

When Not Raising Your Shop's Prices Becomes the Bigger Risk

A lot of shop owners treat a price increase like something they have to justify to themselves before they can justify it to a customer. So they wait....

Read, Watch, or Listen →
How to Measure Employee Efficiency Without Punishing Good Work

How to Measure Employee Efficiency Without Punishing Good Work

Give someone twenty minutes to do a job, and they'll take twenty minutes. It doesn't matter if the job could realistically be finished in fifteen...

Read, Watch, or Listen →
How Much Is Your Auto Repair Shop Worth?

How Much Is Your Auto Repair Shop Worth?

Valuation sounds like it should be a fixed number. Run the calculation, get the answer, move on. It doesn't work that way. Value is subjective. It...

Read, Watch, or Listen →