Hello, and welcome to Episode 030 of the Corporate Real Estate Podcast, brought to you by LeaseSmart.com. Your host is Craig Melby, the founder of LeaseSmart, whose objective is to find companies the best facilities and get them the best terms, making their business more profitable and less vulnerable to future, unpredictable circumstances.
The Corporate Real Estate Podcast strives to make businesses more profitable through wise site selection and lease negotiations. Joining in Episode 030 is co-host Natalie Pyles and today Craig talks about planning for retirement far in advance. First, he advices you to get a liberal assignment clause so that you can sell your business to the person you see most fit. Second, don’t be on a personal guarantee if you are approaching retirement. Make sure it expires before the reassignment takes place so you aren’t still on the hook. And third, secure good terms for your future owner/buyer so that the sale of your company has added value. Thanks for listening!
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