Business Transition & Succession Planning
All businesses have a natural lifecycle - from startup through growth, maturity, decline, and either closure, sale or rebirth. A business requires different kinds of support and services at each point during the lifecycle, and the end is no different.
It's important to explore all your options before making a final decision about buying, transferring, selling, or closing a business.
It may be useful to schedule a no-cost business advising phone appointment with Small Business Development Center (SBDC) and consult a licensed attorney (Professional Services page) or other relevant professional.
For additional assistance you may want to talk to one of the four key business service providers located in Franklin County:
Business Transition Resources
Buying a Business
Buying a business allows you to be an entrepreneur without putting in all the hard work to get a startup off the ground. However, you will need to do your homework on the kind of business you would like to buy and make sure that you have access to secure financing.
Transferring or Closing a Business
It’s important to have a plan for how you would like to close or transfer your business.
Mergers & Acquisitions
Mergers & Acquisitions (M&A) is an umbrella term that refers to various options for combining two separate businesses.
Learn more about the Franklin County Food Business Portal
Locate resources and services for your business