This image will help you better understand possible channels for transferring your business:

(Permission granted by Robert T. Slee, Private Capital Markets 2nd Edition)

To see additional slides on the topic of Exit and Transition Planning:

• Planning Options Diminish With Time
• Exit and Transition Planning
• Common Motivations For Buyers of Privately-Owned Businesses
• Business Owner’s Life Plan
• Timing Is Everything
• The Business Owner’s Dilemma
• Business Succession Planning