Schlueter Ecklund & Davitt
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business formation & planning Archives

The importance of flexibility when it comes to exiting a business

Entrepreneurs in Illinois and throughout the country should not be afraid to get creative when it comes to creating an exit strategy. In some cases, selling pieces of a company over a period of time can be more effective than selling the entire company in one transaction. By selling in pieces, it may be easier to offer investors larger returns while also maximizing cash flow.

Financing to improve startups

Business owners in Illinois may find that in order to take their enterprises to the next level, they will need to secure financing. With a small business loan, they can make necessary repairs or create more of their products to keep up with demand. To improve their chances of getting the financing their business needs, there are certain steps business owners can take.

Which business structure is ideal for my company?

Making the choice to start a business in Illinois is a serious decision. There could be significant challenges ahead, and while it is an exciting time, there are important choices you have to make as you begin. In addition to making the choice to enter the world of entrepreneurship and having a business plan, you will also have to make the choice of which type of business structure is best.

The business of planning for your business's future

If you own a small business in Illinois, you have put in countless hours and immeasurable effort while you were first building your business. It takes a lot of work to make a small business succeed, and you know how hard you worked to get where you are today. For this reason and many more, you would be wise to have a strong succession plan in place for your business.

Schlueter Ecklund & Davitt
4023 Charles Street
Rockford, IL 61108

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