Preview Mode Links will not work in preview mode

Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Feb 26, 2018

In episode 29 of Financially Simple, Justin goes over the different ways you could be paid when you sell your Business.

When the deals have been made, there are a number of ways for you to get paid by the Buyer. Justin looks at each method, from the big check to being employed by the Buyer, and considers the pros and cons of each.

Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! 

TRANSCRIPT: Top 5 Ways of Getting Paid When Selling a Business

 

TIME INDEX:

00:32 - The ways You’ll be Paid for Selling Your Business

01:34 - The Big Cheque

02:49 - Stock, ESOP

05:32 - Stock, maintain stock in the company/Buyer’s company

08:03 - Earn-Out

12:31 - Promissory Note

18:41 - Employment

22:37 - Recap

For more in-depth reading about this podcast series, pick up a copy of Justin's new book: The Ultimate Sale
https://financiallysimple.com/order/

 

USEFUL LINKS:

Investopedia

Financially Simple.com

Financially Simple on YouTube

Financially Simple on Facebook

Financially Simple on Twitter

 

DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.