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Updated: 2014-09-09 10:48

Business transfer

In order to facilitate business transfer to the next generation, one can develop a plan containing the following details: information about business sale within family, tax-related information, financing opportunities and information regarding possibilities to attract experts. Evaluate advantages, disadvantages, consequences, it may be more attractive option than business sale to third parties. Consider your exit strategy pre-considering both liquidation and business transfer to family members. When developing a business strategy, it is advisable to evaluate continuity ensuring measures and business transfer option.

Business transfer from one generation to the other actually takes place by legalising company acquisition, pre-inheritance or donation. When choosing one of the above-mentioned options, one should consider taxes.