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.

How to Formally Close Your Sole Proprietorship or Partnership

Deciding to close a business that you’ve put your blood, sweat, and tears into can be an emotional experience. That’s especially true of entrepreneurs who have operated as sole proprietorships or partnerships. Essentially, they become “one” with their companies, making saying “goodbye” bittersweet even when the time is right for closing.

Fortunately, the overall process for […]

2021-11-08T14:14:10-08:00November 8th, 2021|Categories: Maturity and Exit|

How to Retire When You Own Your Own Business

How many small business owners think about retirement when starting their businesses? Not many, which is understandable since all efforts are generally focused on growing the business, not leaving the company. However, at some point, all entrepreneurs want to know how do you retire when you own your own business?

The answer depends on what the […]

2021-11-04T09:50:35-07:00November 4th, 2021|Categories: Maturity and Exit|

12 Steps for Closing an LLC Before Year End

If you’re thinking of closing your LLC before the year ends, you may be feeling overwhelmed. And you are probably wondering what you must do to exit the business without leaving any loose ends behind. Indeed, there is more to shutting down a business than merely ceasing to sell products and services. The exact actions […]

2021-10-19T10:46:35-07:00October 19th, 2021|Categories: Maturity and Exit|

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 […]

2021-10-18T11:39:05-07:00October 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 […]

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 […]

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 […]

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, […]

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 […]

2019-12-30T07:31:52-08:00August 1st, 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 […]

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