As people approach retirement age, two fundamental questions can result in a little anxiety and hand wringing. What if I out-live my retirement funding? and Now what am I going to do? Even if you love your career, many industries have mandated retirement ages. Many people find themselves with a “forced” question of retirement as employers downsize, offer attractive early retirement options, or just close the doors. Hopefully, we will all be faced with the” Now what?” question. Rather than getting stressed with the question, view it as a successful milestone. It’s a good thing to be at this point in your life.
While the definition of working capital is simple to define and monitor over time (current assets minus current liabilities), there are several considerations for business sales. Your Advisors’ experience and preparation can smooth potentially contentious closing disputes.