There are a number of reasons why a business owner might decide to transfer ownersh
ip rights to another party. Retirement is one. The need for additional capital is another. No matter what the reason, however, transference of ownership generally is not as simple as handing over the keys to the building.
A Tampa CPA from Reliance Consulting, LLC, can provide all the information and guidance you’ll need should you decide to transfer ownership of your business. Since our firm was founded in 1984, we’ve helped hundreds of Tampa Bay area companies reach maximum profitability by providing sound advice on tax planning, cash flow management, strategic planning and more. A business consultant from Reliance can serve as your de facto chief financial officer, making sure all financial aspects of the business are in order. And when it’s time to walk away from the business, we can help you decide the best way to cut ties, which could be:
- An outright sale
- A gradual sale
- A lease agreement
- Handing the family business to the next generation
- Other methods, which all depend on the type of business entity – speak with a lawyer or small business consultant from Reliance
Whether you are just starting out in business, or preparing for your post-professional life, a business consultant from Reliance can help. Contact us today for a complimentary financial health checkup.