It has been said that all businesses have a lifecycle: birth, dramatic growth, full maturity. Businesses can end in any number of ways - some happy, some not. Among the ways businesses wind down are resale, takeover by a family member, merger with another company, bankruptcy, or simply closing the doors. Let’s hope that when you are ready to retire or wind down your business, the terms on which you do so are happy and profitable. This article covers some of the basics of winding down your business, regardless of which path you choose.
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