You should prepare for a generational transfer and the challenges associated with it early enough. You should familiarise the successor with your company in a gradual manner and thoroughly check all necessary taxation issues. Calculate and estimate whether you should sell your company to the successor, give it as a gift or conclude a gift-like sale. Use expert assistance when carrying out a generational transfer.
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Generational transfer of a family business
Prepare for a generational transfer and the challenges involved early enough. Use expert assistance. Familiarise the successor with your company in a gradual manner.