Plan an Exit Strategy

lighthouse at sunset

Looking ahead

It's good to have an exit strategy from your fishing business, regardless of what stage it's in. An exit strategy for a mature business differs from one for a new entrant or growing operation, where an operator may need to think about worst-case scenarios with debt. Retirement planning for self-employed, family-run businesses has unique challenges.

We can help you look ahead

Creating a will

When you're healthy and busy, creating a will may feel like an inconvenient and expensive chore. But the fact that you've chosen a physically risky and demanding occupation, you own business assets, and you may have family obligations points to the importance of getting a will in place early in your career.

How to create a will

Initiating permit or quota sales

Before you can legally sell or transfer fishing permits or quota, you must comply with certain state and federal government requirements. Links to several required forms are in this section.

Learn how to initiate a sale