One of the most important business, financial, and personal decisions you will ever make if you own a privately held company is deciding what to do with it. You will eventually need to transition the business to new owners unless you plan to close the doors, lay off the employees, and liquidate the assets. Sadly, for some of you this will be the preferred course of action. And if so, the orderly liquidation of your assets and the dissolution of the business can be a wise option.
For many, though, your investment of time, capital, sweat, and familial sacrifice will demand a far better course: the transfer of the asset to a third party. This can take many forms and that is where the challenge comes in. The many options facing you can (and will) be daunting.