Selling Your Family Business

For family businesses, there may come a time when the owner(s) decides to exit the business and hand the reins over to someone else. This period of change can bring with it a great deal of stress.

In addition to running the business, time is needed to get the business into position for the imminent sale transaction. This can often be at the expense of the personal wealth planning needs for the entrepreneur, with the primary focus being on the sale until the transaction is completed.

However, planning pre-exit is critical for ensuring that the sale of a business is structured to meet the entrepreneurs’ long-term personal and wealth planning objectives.

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