When you have been running your own business for years, one of the things that you probably always keep in the back of your mind is who is going to become the successor after you retire. If no one in your family is interested in taking over your company, and your kids do not want to be part of it either, then you have to find yourself a suitable buyer. Regardless of whether you built the...
Corporate succession is one of the most defining moments in the history of a family business. Many parents and grand-parents that have built family businesses from scratch, hope that one day, their lives’ work will pass down to their children and their children’s children, and their legacy will stay alive even after they retire.
This is, however, not always the reality, as surveys...
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