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About selling a "one-man-show" business 4

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Robbiee

Structural
Joined
Jan 10, 2008
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285
Location
CA
Hello,
Can a firm with one engineer and one CAD person be sold?
I was thinking, since getting closer to the end, let's see what others say.
 
NorthCivil said:
If i'm totally honest, it would benefit me to just sell my business for $1. Then all liabilities are passed on to the new owner, and i dont need to pay for wind-down insurance over several years.

That idea crossed my mind, during my encounter with this issue a decade ago. I mulled over the idea of buying the consulting part of the business for a nominal "1$" while splitting off the manufacturing part to the other parties more interested in that. After torturing myself for a while I decided that the owner wouldn't go for it.
 
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