How to transfer a business to a family member
It sounds as if it should be simple but always take professional advice.
In the blog below Business Network South Manchester member Alex Dodgshon shares some of her expertise.
When your time at the business you created draws close, it’s essential to start creating a plan for the future. From an exit sale to family succession, there are many options for all owners.
Handing your business down to a family member is a proud moment.
You’ve built your company for years, and passing the baton to a loved one will continue your legacy. But, a business transfer needs careful planning. You need to ensure the business can thrive after you leave.
Balancing the company and your family can be challenging. However, this balance is achievable with careful planning.
We’re Uscita, a team of experienced business brokers from Cheshire, UK. Our expertise lies in engineering, B2B, and manufacturing businesses. We’re here to guide you to a successful business exit with free valuations, exit planning, and honest selling. With experience in the business sale field since 2005, we know the components to a satisfying sale.