Many owners plan to hand off their business to one or more of their children, whether that's wise or not. At Gibson's Cleaners in Toronto, ON, owner Rob

A landlord called a few weeks ago. His dry cleaner tenant had disappeared overnight, leaving behind unpaid rent and a plant full of equipment. They wanted us to

Many business owners hope to pass their company on to the next generation—but by the third generation, the odds are often against them. The first handoff often succeeds.

A lot of business owners assume their business is fine if it is operating at a profit and has no major problems on the horizon. One of the

If owning a business is your dream, you have probably given some thought to different types of businesses that you can invest in. What you may not have

When a business closes its doors without warning, it makes headlines -- and not the good kind. Getting out of business should include the same care as getting

Negotiating the sale of a dry cleaning business, as either the vendor or the purchaser, involves significant time and effort. While most discussions during the sale will focus