Turning your ownership interest into cash for retirement

Description

Abstract: Business owners have many options to get cash out of their businesses so they can retire comfortably. This article describes what’s involved in selling to different types of buyers: co-owners or family; managers or employees; or outsiders. Alternatively, one can derive cash from the business without selling it, through such vehicles as a deferred compensation agreement, a severance package, a covenant not to compete, or defined benefit plans and target benefit plans.