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Business liquidation options vs. an owner's retirement
If you are a business owner looking to retire, you may face some challenges.
Instead of selling or transferring the enterprise, you may be forced to liquidate your business. Indeed, only 25 percent of new businesses make it to 15 years or more, according to the Bureau of Labor Statistics. And liquidation can often mean getting less than 100 percent of a business’s value. And, since many business owners have a substantial amount of their net worth intertwined with their business, that can have negative implications for their retirement.