"Question: My wife and I have always planned to sell our business and retire on the proceeds. Our company is our primary asset. What should we be doing now in anticipation of a possible sale within the next five years?
Answer: It’s great that you are planning now for a future sale of your business. It is important to have a plan in place to increase the value of your company so that you can maximize your after tax proceeds.
This is especially true if your business is your primary asset and you will be investing the net proceeds to generate future income for your retirement.
Determine what your business will be worth
The first step in preparing your business for sale is to know the current value of your company. Many business owners have invested their lives in the family business and have strong emotional and sometimes unrealistic notions about how much their organizations are worth."
Read more at:
Start planning long before selling your business | Cincinnati.com | cincinnati.com:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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