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Business viewpoint by Tom Klenda: Plan your business exit strategy better than Brexit

October 13, 2019

By: Thomas M. Klenda

Tulsa World

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Yesterday Tulsa Commercial and Franchise Attorney Tom Klenda was featured in a Tulsa World Business Viewpoint regarding Business Succession Planning:

Brexit is the abbreviation for “British Exit,” the never-ending attempt of the United Kingdom to leave the European Union without any plan in place.

BEXIT is the abbreviation for your “business exit,” and this article will highlight some business succession planning exit strategies that every business owner should consider.

According to a study of 200 privately held businesses by Wilmington Trust in 2018, 58% of small business owners have no succession plan. Here are some common BEXIT plans for family-owned, closely held and sole proprietorship businesses READ THE FULL ARTICLE HERE