There are a number of different factors that go into how to execute on a successful business transfer. We go over all of them in this FREE eGuide as well as a number of other things such as:
- The BEI 7-step exit planning process
- Advice on the timing of the transfer
- What to do if there are multiple possible successors
- How to make sure you're financially set for retirement
- Making sure you have a plan B
Content:
- Introduction
- Reasons & Realities in Family Transfers
- First Ingredient: Parents Undertake the BEI Seven Step Exit Planning Process
- Second Ingredient: One Child Becomes the Sole Successor
- Third Ingredient: A Business Transition That is Fair to All Children
- Transferring the Business to Multiple Children
- Fourth Ingredient: Transfer Ownership and Control to the BAC Follows Parental Financiel Security and Independence
- Fifth Ingredient: The Chosen Child has Demonstrated His/Her Capability and Willingness to Run the Business for a Significant Time Period (at least 3 years) Before the Parents Leave
- Sixth Ingredient: Having a Backup Plan (Plan "B")
While transferring your business can be a difficult process, this FREE eGuide will provide the proper insight to assist you in making sure it's a successful one!
