Succession Plan Article in Capital At Play
Financing your business succession plan – part two of my succession series published in Asheville’s Capital At Play magazine. Read it here or pick up a copy at your favorite local business.
Financing your business succession plan – part two of my succession series published in Asheville’s Capital At Play magazine. Read it here or pick up a copy at your favorite local business.
Investing in a business can be either a purchase of ownership, also known as equity; or a loan to the business. Know which one you’re making before you turn over your money, so that you know what risks of loss of capital you’re facing and know what to expect in return.
At some point your business may have to incur corporate debt in order to fund operations like payroll or purchase of raw materials; expansion; or a partner buyout. Here I discuss corporate debt, collateral, and security interests.
The asset purchase agreement is a way to buy the good parts of an existing business while leaving the liabilities or undesired assets behind for the seller.
Business succession planning. You’ve planned to start your business, you’ve planned to grow it to a success. Have you planned on how you’re going to leave it?