When looking to retire from your business, you have a few options, all of which require planning during the growth stages of business development. These options can provide you with a substantial financial payout, depending upon your planning and business profitability.

Your options include:

• selling your business to a buyer or to employees,
• merging with or getting acquired by another company,
• passing your company on (see succession planning),
• filing for bankruptcy, and liquidating the business.