Financial experts weigh in to help guide business owners if sales, supply chains, spending, hiring, and planning are negatively affected by the COVID-19 pandemic.Survey reveals deterioration of national economic sentiment from 78% to 48% within one week.81% of survey respondents have experienced direct or indirect impacts on their business due to the virus outbreak.83% view the outbreak as either a “serious” or “extremely serious” threat to the global economy.
Chief Wealth Strategist Alvina Lo shares her insights in a conversation with the Trusted Counsel on the intricacies of selling a business. She shares how many entrepreneurs and business leaders tend to put off thinking about selling their businesses, and what will happen to their assets without them, until it’s too late. The results of not planning are often felt by families as well as business partners.
Learn about the features and benefits of a buy sell agreement when considering the sale of your business. An owner’s interest in a closely held business often constitutes a significant part of his or her overall wealth.