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Leaving the business affects four parties.

Publication: San Diego Business Journal
Publication Date: 28-MAR-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Leaving the business affects four parties.(Small Business Help Line)

Article Excerpt
Question: I'm planning to retire in a couple of years. My employees are great, and I'd like to be sure that they have jobs once I retire. I have no children who can take over. So what can I do?

Answer: When considering retirement from your own business, you must consider the needs of four parties: yourself; the future owner(s); employees; and customers or clients.

At times, the needs of these parties might conflict and, at...

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