Business in NSW

At some stage all business owners must face the prospect of exiting their business.

This section examines:

• the reasons why owners exit
• the exit alternatives
• how to plan for and prepare your business for sale
• how to value and sell your business and find the right buyer
• how not to trade if insolvent, and
• how to wind up or liquidate and close your business

It also highlights your tax and legal obligations when ending or departing the operation and invites you to consider the impacts of exiting on you and your staff.

The most valuable message in this section is the importance of getting your business exit-ready, as most small business owners never actually step back from the day to day distractions of business and plan for this event.