Article: Intra-Family Business Transfers Take Finesse
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Intra-Family Business Transfers Take Finesse
So, you want to transfer your business to your children. That?s an admirable goal. In fact, surveys show that 80% percent of business owners share your desire. Unfortunately, only about 20 percent of intra-family business transfers are successful.
There are a number of great reasons to think about transfering your business to your children:
1. You all enjoy working together.
2. The company offers your children greater financial security than other employment opportunities could.
3. The business is your family's identity - its the nucleus that holds your family together.
4. The business has always been a part of your children's lives and they have always assumed that one day they would own it.
These are all great reasons to c...
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