Successful Family Business Transfer
This White Paper describes a model that parents can use to pursue a successful business transfer from one generation to the next. It isn’t the only model that works, but because it depends on six carefully chosen elements, it has the potential for a successful completion.
Exit Planning for family businesses creates its own set of unique challenges and rewards. While the situation of each family differs, the transfer plans we can design are founded on three basic principles:
- We must ensure that the parents’ post-business life is financially secure.
- It is important to create a fair way for children to receive ownership interest and other assets.
- We emphasize the need to keep parents in control of the company until they have attained financial security and until the successors are fully equipped to run the company successfully.
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October 28, 2016 Whitepaper 0 Comment(s)
October 28, 2016