Transition Your Business
Passing on a business is a major, life-changing event with many complex issues and often-difficult decisions. While it could result in family strife, if done well, it also has the potential to be a golden opportunity to realize business, family, legacy, and philanthropic goals after years of hard work and sacrifice.
Sell Your Business
Although it often happens with business owners, six months is most certainly not the ideal time frame for preparing to sell the business. The family should be thinking more about the planning, preparation, and implementation phase. Most brokers recommend at least two years of preparation before the business is listed.