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five steps for successfully transferring ownership of a business one thing is true for all business owners one day you will leave your business ideally youll be able to sell your business and use the proceeds to fund your retirement yet transferring ownership of a business can be financially and legally complex its important to have an exit strategy in place to ensure the best possible outcome for you and your business while every business owners exit path is unique here are five steps you can follow to increase the likelihood of a successful ownership transfer five steps to take before transferring ownership of a business step number one assemble a team of trusted advisors chances are this is the first time youre selling your business and possibly the last therefore a helpful first step is often to consult with a team of experts working with trusted advisors can help you navigate the complexities associated with transferring ownership of a business in addition they can point out y
