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Why an Increasing Number of Retiring Entrepreneurs Are Selling the Business to Their Employees

From Entrepreneur:

Baby boomers own about half of all privately-held companies with employees in the United States. The 2.4 million business owners who belong to this aging demographic (one-third of whom have already passed 65) will need to develop sound and sensible exit strategies.

As they look to the future, there is an elegant solution that all retiring business owners should consider: employee ownership. In a crowded marketplace, transferring full ownership to the workers may represent their best chance to sell their businesses at fair market value, to familiar buyers with strong motivation to keep the firm thriving.

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Entrepreneur – Why an Increasing Number of Retiring Entrepreneurs Are Selling the Business to Their Employees