Is it possible to transfer my business?
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I've included some information from Inc.com below about choosing a successor. If you know who you want to pass the business too, or if you need a quick exit, transferring can probably be beneficial. That said, assuming it is a quality business, I would guess that finding a buyer to purchase it from you would be quite a bit more profitable. Also, keep in mind that you don't have to sell your entire stake in the business in order to make it hands-off. If you still believe in its long term success, why not keep a minority interest in the organization?
Source: http://www.inc.com/guides/choose-your-successor_pagen_2.html
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M$
Another exit strategy is transfer of ownership. This is a common business exit strategy that is ideal when one business partner wants to leave the company. Moreover, in case of franchise ownership and family-owned businesses.
For those business owners who want to cut all ties of their organization can dissolve the business by liquidating company assets, buying out partners and settling debts incurred by the company with creditors and tax authorities.
You can read more at the source.
Source:
http://smallbusiness.chron.com/exit-strategies-business-4635.html
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