The freedoms we have in the US are amazing compared to other parts of the world. This time of year is when most people often reflect on things they are thankful for. But that’s not really the topic of my post. I’m talking about financial freedom and the freedom of letting go of your business.
At the “suggestion” of my wife, we recently started looking for a new house. Like most other home shoppers, I wound up on Zillow.com. If you have never used it, Zillow is a great website loaded with information and resources to aid in the process of buying a new home. While shopping for a home is exciting and fun, my experience drove home a few points that relate to selling an insurance agency.
The point of this article is to address the overall value to an agency owner of hiring someone to assist them in selling their insurance agency.
Many of our clients had attempted to sell their agency on their own before calling us. It is certainly understandable to want to avoid having to pay a commission in addition to paying the taxes on the sale; however, owners [...]