Have you thought about transfer of ownership?
Business is doing well. You’re keeping busy with the daily management of your flourishing business. But do you ever think about the future? Who will take over the business when you want to retire? Or if you pass away unexpectedly? Transferring a business is complex and requires custom work. Your notary will help you with the transfer of ownership to a suitable candidate for succession.
Transferring the business to family
A well-planned family succession is the best investment in the family business’ future. Your wishes and your family’s wishes are the most important starting point. Family succession is not without emotion. Your notary looks at the legal side of family succession, without losing sight of the personal situation. The fiscal regulations covering business succession within the family also deserve our attention.
Your notary’s business transfer
Another option is to sell your company. This isn’t a decision that’s made lightly. You may be thinking of selling to a suitable colleague, someone in management, or a business partner. Apart from finding a suitable candidate to take over the business, you have a lot of considerations regarding taxes, legal forms, financing and estate. At your notary, your personal story is key. Your notary listens, asks questions, clarifies, and gives you honest advice.