Business Articles

Business Basics - Succession planning tips

It’s never too early to plan for retirement; here are some great options to consider when selling or leaving your store to others

By Mark E. Battersby
Published: January 14, 2013

Sooner or later, everyone thinks about retirement. For those who own a closely held or family hobby business, retirement is more than just a matter of deciding not to go to work anymore. In addition to ensuring there will be enough money to retire, hobby shop owners, shareholders and partners must decide what will happen to the business when they are no longer in control.

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