Can I lease out my business?

By Pam Newman •

Opinions expressed by Entrepreneur contributors are their own.

I have had a successful and growing business for now 10 years, but I am tired of running it. Can I lease it out?
If you can find someone that wants to "lease" your business, then mostly likely yes. But there may be some governmental issues depending on what type of business you have. Other more viable options may be just hiring a top notch manager to run it for you or outright selling it to someone and enjoying the profits from the sale. Another alternative could also be bringing someone on as a partner that will run the business while you are more of a silent partner. You need to really assess what you are wanting from this transaction to then decide which route is the best for you.
Wavy Line
Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.

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