Entrepreneurship

Transfer

An endgame strategy in which ownership is moved from one person or group to another

walkaway

Business termination in which the entrepreneur Insta business with its obligations meant

Caveat emptor

Latin term for "buyer beware"

Family business

When the founder dies the business will most likely fail afterwords, fewer than 30% are successfully transferred to a second generation, if you were than 13% succeed a long enough to be inherited, rather than waiting for the founder today, you should assist completing a comprehensive estate planning process for the founder still healthy in charge

Book value

The difference between the original acquisition cost in the amount of accumulated depreciation

Heuristic

A common sense rule, a rule of thumb

Intangibles

Assets, such as patents or trademarks, and liabilities such as accounts payable, and have no physical existence

Replacement value

The cost to acquire an essentially identical asset

Buy in

The purchase of substantially less than 100% of a business

Workout

A form of business termination in which the firms legal financial obligations are not fully met and closing

Bankruptcy

An extreme form of business termination that uses legal method for closing business and paying off creditors when debits are sustainably greater than assets

Termination

And endgame strategy in which the owner closes down a business

Sole proprietorships and partnerships

In practice, partnerships can continue in existence despite a change in ownership sole proprietorships cannot

Buyout

No the purchase of sustainability all of existing business

Take over

The season of control of a business by purchasing its stock and able to select the Board of Directors, hostile invent