The statistics about selling a business are sobering -- only 20 percentof businesses listed for sale ever sell, and if you're one of the lucky ones who gets it done, the IRS will take up to 45 percentof the sales price in taxes. Business owner type 2. These individuals are more diversified outside of their business. Some may hold conventional retirement accounts such as a 401(k), IRA or profit sharing, college savings, real estate investmentsor cash stashed in a savings or money market account for fast access to capital. Both types of business owners face risks associated with conventional investments and the risks of not being able to sell their business for what they expected. Related: 10 Flaws of Conventional Retirement Plans The reality is that you're doubling down on your risk by gambling with your money both inside and outside of your business.
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