Question 13:

How do I successfully transfer the business to my children?

Why Is This Question Important?

If your exit strategy is to pass your business down to a member of your family, you face a unique set of issues, such as making sure the successor children are ready to run the business by the time you want to leave. Also, “Passers” (as we call owners with this exit strategy) with some children working in the business and some who are not must figure out how to create a business exit that is fair to all of their children, without splitting up the business in an unworkable manner. Woven into these issues are family dynamics, relationships, and realities which can undermine the owner’s successful business exit.

The resources below can help explore and understand the key issues to pass your business to the next family generation, and achieve a successful business exit.

Resources Available To Learn More

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