You're not getting a divorce, but your business partner is.
You know that one day you'll retire and leave that medical practice you started in Northern California. You'll have more time for fishing. Or traveling. Or playing with the grandkids.
You've been hard at work on your business for years, with your nose buried in spreadsheets and inventory and hiring. Then, one day, you get a call that could change your life. Someone wants to buy your business.
You conducted a lot of research, consulted a lot of experts and created a business plan when you decided to open your business in California.
You've done all of your interviews, fact finding and due diligence and finally have chosen a vendor to work with your California business. Now comes the real challenge: negotiating the contract.
On television and in the movies, we see business being conducted with a handshake agreement, but that's not the way it really should work in the business world.
You started your business in California and formed a limited liability company (LLC) to go along with it. It was a success - so much so that you want to create a spinoff business. And you have an idea for maybe a third business, too.
You often hear the terms lumped together: mergers and acquisitions.
You're going to take the plunge and start that business you've always dreamed of owning.
That shop you and your friend opened 20 years ago in Northern California has run its course. It was a good, fun and profitable business for the most part, but people just aren't buying your trinkets the way they once did. It's time to renew the lease, but retirement and that long-awaited trip to Hawaii sound pretty good right now.