Planning for Retirement and Business Transition

Resources to help you sell or transfer your fishing business.

Marine Advisory Program contacts

Sunny Rice, Petersburg Marine Advisory Agent

Videos and slideshows

The Business of Fish course (2008)

Individual class sessions are archived for viewing on-demand on the University of Alaska Southeast website. Just scroll down to the "Resources" section. Class 9 is Planning for Retirement.

Publications

How to Make a Directed Transfer of Your Fishing Business

This 48-page book by Marine Advisory Agent Sunny Rice introduces established fishermen to the subject of retiring from fishing, discusses transfer strategies, and examines tax/retirement implications. By encouraging established fishermen to pass on their business skills, this book also helps foster the next generation of Alaska fishermen.

Outside resources

Handing over the family business: Plan ahead to transfer wealth and happiness [PDF]

By Don Anslow; provided by Oregon State University Department of Agriculture and Resource Ecomonics.

Beginning Farmer Center, Iowa State University Extension

A variety of information about retirement and business succession that can be adapted to a fishing businesses.

Internal Revenue Service: Sale of a business

An overview of some of the tax issues with selling, transferring, or closing a business.