Exam 13: Planning for the Harvest

Julie is looking to sell her flower shop. She should hire a(n) _____ to help her find a buyer and negotiate the sale.

The opportunity to exit a business is always triggered by an interested seller.

Russell sold his small variety store to a large retail chain but has agreed to stay on and manage the store. Russell should expect

Entrepreneurs who accept stock in payment for the sale of their businesses are usually pleased with the results because they escape a significant tax burden.

For the entrepreneur who is simply tired of the day-to-day operations of the business, siphoning off the cash flows over time may require too much patience.

Uncertainties accompanying an impending sale of a business often