What next? Considering the sale of a family business

For many business owners the family business is a precious legacy and the idea of selling does not feature in planning for the future. However, ultimately, the family needs to think about what is best for itself and the business. Circumstances change and where no family members work in the business and the family’s interests are better served elsewhere it is worth considering whether a sale could be the right option.

The sale of the family business is a once-only event for both the family and the business which must be handled correctly to ensure that the family receives the best value and that careful thought is given to family arrangements following the sale.

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