Tuesday, April 11, 2017

Is Your Retirement Plan to Sell Your Business a House of Cards?

If you’re like the majority of small business owners, your business plays a big part in your retirement plans. Maybe you haven’t had to chance to put aside any funds for retirement outside your business, but you see your small business as your trump card; when the time comes, you’ll just sell it and retire comfortably on the proceeds.

But what if your supposed trump card turns out to be a Joker? Your whole retirement plan could collapse.
Here are the issues you need to deal with now if your plan for selling your business and retiring is going to work.