Maturity and Exit

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Maturity and Exit

Is your business reaching the point of maturity and exit? If so, our expert articles and blog posts will help guide you through the next stage of your entrepreneurial journey.


12 Steps for Closing a Corporation by Year End

As difficult it may be to make the decision to close a business, things can become even more challenging if a business’s owners don’t tie up all the loose ends. If you’re thinking of closing your corporation by year-end, realize that there’s more to the process than halting the sale of products and services. Merely stopping business activities doesn’t officially close a company, there are steps that must be taken to legally end the business entity’s existence.

The exact actions a corporation’s owners must take will depend on where the business is located, […]

2021-10-06T09:43:48-07:00October 6th, 2021|Categories: Maturity and Exit|

Business Closures, Dissolutions, and Withdrawals

It has been a rough few years for businesses across the country, but especially so for small businesses. According to Yelp data, an estimated 60% of business closures due to the coronavirus pandemic are permanent. Companies of all sizes have had to close some or many of their locations.

Whether you’ve had to close down entirely or shutter locations in other states, it’s crucial you legally close your business so there are no repercussions down the road.

In many cases, this means you need to take action before we close out the 2021 calendar […]

2021-09-28T05:12:38-07:00September 28th, 2021|Categories: Maturity and Exit|

How to Remove a Member from an LLC

Some limited liability companies undergo ownership changes as their businesses evolve. Members may come or go — either voluntarily or involuntarily — for a variety of reasons. So how do you remove a member of an LLC? Well, that depends! Different circumstances can affect the process and the outcomes for what happens to a member’s ownership interests in the company.

Whether an LLC’s members want one of their members gone, a member wants to withdraw voluntarily, or a member passes away, the company must carry out the process lawfully. Ideally, an LLC’s organizational […]

2021-09-07T12:46:04-07:00September 7th, 2021|Categories: Maturity and Exit|

The Right Way to Terminate a Partnership Agreement

There are many reasons why you’d want to terminate a partnership agreement. The goals of one or both partners have changed, your working styles are incompatible, or there are fundamental disagreements about business operations and decisions. Whatever the reason, the partners must understand and follow the correct procedures and regulations for partnership termination, so all parties are legally separated from liability.

What is a Partnership?

A partnership is a legal entity where two (or more) people own and operate a business, and each partner owns a percentage of the assets and liabilities of […]

2021-06-22T00:13:11-07:00June 21st, 2021|Categories: Maturity and Exit|

How to Legally Dissolve a Corporation or LLC

“Dissolution” is the act of formally dissolving (closing) a business entity with the state. It involves far more than just stopping to sell products and services. Dissolution is a process for wrapping up all legal and financial aspects of the business and legally terminating its existence in the state(s) where it is registered. Business owners, and professional services providers who offer accounting, tax, or legal services to entrepreneurs, should know how to legally dissolve a Corporation or LLC. Just like life, running a business has its share of ups, downs, and surprises—and […]

2020-09-28T12:10:56-07:00October 23rd, 2019|Categories: Maturity and Exit|

What to Expect When Selling Your Business

Maybe your end game has always been focused on selling your business. Or is the pace of running a business becoming too much, and you’re ready to slow down and retire? Perhaps you have a new business idea and you want to sell your business to pursue (and finance) that dream. Whatever your reason for selling your business, your timing is spot-on. According to BizBuySell, an online marketplace for small business buyers and sellers, small businesses are currently selling for record-breaking prices.

BizBuySell surveyed 2,300 small business sellers and future business buyers […]

2019-12-30T07:31:52-08:00August 1st, 2018|Categories: Maturity and Exit|

Do You Really Need a Marketing Strategy if You Plan to Sell Your Business?

Getting a business up and running is a huge challenge. Between managing resources and investments, hiring staff, attending to creditors and developing new sales funnels, it’s a tremendous challenge to try and balance everything.

A common strategy to try and make things easier is to simply avoid certain aspects of the business. Maybe you can outsource some of the work to an outside firm, or perhaps you can just completely skip overdoing something.

This becomes especially true when your plan is to sell your business. It’s become a common practice these days for people […]

2019-12-27T09:59:23-08:00May 3rd, 2018|Categories: Maturity and Exit|

Closing a Business Checklist: Ten Steps From Our Experts

All businesses go through ups and downs, and many will suffer cash flow crises. After some tough times, you may be tempted to walk away from your business – but closing down a business is not a decision that you should make in a fit of frustration.

Starting a business is so exciting, but the day-to-day grind of running a small business can wear down even the most intrepid entrepreneur.

That said, if you decide this path is the right decision, here is a comprehensive closing a business checklist that will highlight some […]

2019-12-15T16:07:51-08:00February 1st, 2018|Categories: Maturity and Exit|

Dissolve an LLC With These Six Easy Steps

For a variety of reasons, entrepreneurs may decide to close the business they worked so hard to start and grow. Situations change and the need to dissolve an LLC or corporation may need to be addressed.

An entrepreneur can grow tired of small business ownership or may simply want to retire. Possibly the business has been losing money or it isn’t as profitable as it needs to be. Regardless of the reasons, an LLC needs to be dissolved in a formal and methodical manner.

This task doesn’t have to feel daunting. Our six easy steps […]

2019-12-12T13:23:03-08:00October 31st, 2017|Categories: Maturity and Exit|Tags: |

Closing Down a Business – The 12 Steps of Corporate Dissolution

You’re not the first owner to consider closing down a business and you certainly won’t be the last. But it is a big decision and one that should be taken lightly. Regardless of your final decision, you need to prepare yourself for the necessary steps involved in the process.

Closing down a business requires a certain process be followed. This process is just as important as the steps required to start a business.

I have not failed. I’ve just found 10,000 ways that won’t work. ~ Thomas A Edison

12 Effective Steps for Closing Down […]

2019-12-12T13:10:30-08:00October 1st, 2017|Categories: Maturity and Exit|Tags: , , , |
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