The Four D's That Could Force You to Sell Your Business
Summary
Unexpected life events—divorce, disagreements, disability, and death—can compel business owners to sell their companies prematurely. Divorce may necessitate asset division, often leading to undervalued sales. Disputes among partners can stall growth, prompting exits. Disability or death without succession plans can force heirs into hasty sales. To mitigate these risks, owners should implement legal safeguards like buy-sell agreements and maintain updated financial records. Proactive planning ensures business continuity and preserves value, allowing owners to navigate unforeseen challenges without compromising their legacy.
Kiplinger
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