One of the biggest questions a lot of business owners have concerns the future of their company if they happen to pass away. What happens to a business after the death of the owner depends on the structure of the business.
For most, the basic purpose of owning and operating a business is to make a profit. Not only is selling a business an opportunity to maximize your profits, it can sometimes be the most the most profitable business decision. Whether you are planning on selling your business within its first few years, first few decades, or never at all – it is always a good idea to have a comprehensive exit strategy, so the taxpaying business can plan for any situation that may arise down the road.