If you’ve thought about leaving your business but don’t know where to begin, you are in good company. At any given time, 40 percent of U.S. businesses are facing the transfer of ownership issue, and lack of planning is the primary cause of failure, according to the Small Business Administration.
Planning your business exit is a multi-step process that begins three to 10 years before you want to leave. With Certified Exit Planners on hand, Doeren Mayhew’s five-module approach can help you develop and implement your strategy from start to finish based on your needs: