{"id":4024,"date":"2023-01-30T16:12:45","date_gmt":"2023-01-30T20:12:45","guid":{"rendered":"https:\/\/www.incsight.net\/?p=4024"},"modified":"2026-07-08T18:08:44","modified_gmt":"2026-07-08T23:08:44","slug":"why-will-every-owner-exit-their-business-and-how-can-you-best-prepare-for-this","status":"publish","type":"post","link":"https:\/\/www.incsight.net\/blog\/2023\/01\/30\/why-will-every-owner-exit-their-business-and-how-can-you-best-prepare-for-this\/","title":{"rendered":"Why Will Every Owner Exit Their Business and How Can You Best Prepare For This?"},"content":{"rendered":"
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This is Part 1 of 2 in a mini series we are doing on business exits.<\/p>\n

For both our Blog and Podcast episode, we brought on\u00a0<\/span>Stuart H. Sorkin, the Managing Member at Business & Legal Advisors<\/a>.<\/p>\n

Let's dive into this important question!<\/p>\n<\/div><\/div>\n\n

What Are the Ways\u00a0a Business Owner Will Exit Their Business?<\/h1>\n

Every business owner will exit their business in 1 of 6 ways and only 1 of 6 ways.<\/p>\n

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  1. Sell it to Family<\/li>\n
  2. Sell it to Management<\/li>\n
  3. Sell it to a Third Party<\/li>\n
  4. Become an Absentee Owner<\/li>\n
  5. Gets Liquidated<\/li>\n
  6. Death<\/li>\n<\/ol>\n

    If they do not choose one of the first four the last 2 will happen. This is why exit strategy starts the day you start your business.<\/p>\n

    You need to start thinking about some preliminary options because depending on who you are selling to, may change how you build and develop your business.<\/p>\n

    What Major Areas Need to Be Looked at\u00a0When Looking at a Business Exit?<\/h1>\n