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FishBiz Project

Financial and business tools for Alaska commercial seafood harvesters brought to you by the Alaska Sea Grant Marine Advisory Program

Looking Ahead

Gillnetting. Photo credit Alaska Sea Grant.

It's always good to have an exit strategy from your fishing business, regardless of what stage your business is in. An exit strategy for a mature business is different from a new entrant or growing operation where an operator may need to think about worst case scenarios with lots of debt. Therefore retirement planning for self-employed, family-run businesses has unique challenges. We've gathered a few resources that fishermen (and farmers) have found useful when looking ahead. 

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Creating a Will

Emmonak. Photo credit Alaska Sea Grant.

When you're healthy and busy, creating a will probably feels 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.

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Initiating Permit or Quota Sales

Bristol Bay. Photo credit Alaska Sea Grant.

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.

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