Chief Wealth Strategist Alvina Lo shares her insights in a conversation with the Trusted Counsel on the intricacies of selling a business in this August 2019 transcript. 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.
Ownership interest in a closely held business often constitutes a significant part of a business owner’s overall wealth. For owners who are concerned about preserving the value of this business capital for themselves, and/or as a legacy for their families, a well-drafted buy sell agreement by and among all of the owners is important.
Wilmington Trust’s Chief Wealth Strategist, Alvina Lo, shares her insights on this podcast hosted by Trusted Counsel: In Process: Conversations about Business in the 21st Century. In this segment, Alvina discusses what business owners and their chief executives should be thinking about in order to get their businesses to a point where they’re ready to be sold.