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There have been countless instances when someone has gone into business with a relative or close friend and made the mistake of skipping a formal agreement. No matter how good a friend may be, you will always want to get the terms of the partnership in writing. A partnership agreement is a vitally important document that is designed to protect all parties. It will reduce the possibility for disagreements or misunderstandings down the line. When you make sure you have

You’ve decided to sell a business. Your next step is to hire a business broker who knows your industry, and who can help you set realistic expectations as you move through the sale process. One of the most important aspects of this sale will be getting an accurate valuation. If you’re hoping to increase business value, or you’ve already gotten a business valuation that was disappointing, take heart. There are still some things you can do to generate extra value

Many business owners are truly committed to their businesses. As a result, it is very difficult for them to step away even when they approach retirement age. It is not uncommon for business owners to keep working into their golden years. But the truth of the matter is that at some point almost everyone will need to embrace retirement whether it is for health issues, moving to a new location, or simply for greater peace of mind. If you see