A poor economy may mean now is a good time to transfer your business to the next generation, according to a recent Dow Jones report.
Depressed business valuations and low interest rates may allow you more cost-effectively transfer your dairy than if times were booming. Financial advisors note that several tools and strategies may enable owners to freeze the value of their business at today’s lower levels.
Of course, be sure to consult with trusted advisors before — and throughout — embarking on this process.
Source: Dow Jones