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You can try to sell your business. Selling a business is non-trivial. Especially if you're not close to it and don't know it. The cash you leave to your kids ow
by spywaregorilla 4y ago
You can try to sell your business. Selling a business is non-trivial. Especially if you're not close to it and don't know it. The cash you leave to your kids owning a business is upper bounded by how well your business does. Which, sure, could be better or worse, but most notably has a chance of being worth nothing.
There are for sure many stories where a family business worked out great. But I would prefer an equal value in cash over a randomly chosen small business any day. Even if we subset it to the profitable ones.