English
When is the best time to hand over the business?
As a general rule, takeovers/transfers take place between the ages of 45 and 60. You should not wait too long.
Who should I hand the business over to?
The buyer or transferee may be a member of your family, a client, a supplier or even a competitor or financial investor. Generally speaking, the closer the transferee is to the transferor, the lower the value but the simpler the process.
In what state should I hand over the business?
The financial and operational soundness of the business has a direct impact on the level of interest, and the price will depend on the overall quality of the company.
How do I go about handing over the business?
It is vital you are backed by experts, such as a bank, a financial advisor, a legal specialist, a tax specialist and a trust company.