Kaizen Time

How to Smoothly Transition Ownership of a Small Business

Written by The Kaizen Team | | April 25, 2024
 

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. 

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