Plan for when you’ll transfer ownership, sell internally, sell to a third party or liquidate.

One of the 7 Habits of Highly Effective People is to begin with the end in mind. It’s never too early to look at options.

• When and whether to sell your business (Yahoo Small Business – enter title in search bar)
• Valuing your business for sale (SCORE – enter title in search bar)
• “What is my business worth?” (Missouri Small Business Development Center at UMKC)

However you choose to exit your business, you will need to complete the appropriate steps with the state of Missouri or the state of Kansas. Find the details for Missouri and Kansas.