There are many things to consider when you start to think about selling your business. Some of those include; how much is my company worth? How long will it take to sell? What will I do after I sell it?  But probably the most critical question to answer is, Whom do I want to sell it to?

 

There are a number of different options such as; a strategic buyer, management buy-out, private equity, financial buyer, etc. and each one has different costs and benefits. Deciding on which one really depends on your goals and objectives for selling your business.

 

One option is to sell the company to the employees by creating and Employee Stock Ownership Plan (ESOP). ESOP's have become a hot topic these days. It can be a great exit strategy in the right situation and a great benefit for the employees. However, there are a number of pros and cons about becoming an ESOP that you should be aware of.  

 

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B2BCFO is the nation's largest business transition and CFO services firm