This article are provided for information purposes only, and are not intended as legal advice.

Selling a business to a child or third party

October 28th, 2008

When you look at a child, you need to consider if they have management capabilities to run the company. Keep in mind, management and ownership are two different roles. Should you consider if the staff can do a management buyout? If the company is large enough, can you go public? Will your competitors start marketing that your heir has no management skills therefore customers should leave the company to go to a competitor?

Filed under: Buy a business — Gary Landa @ 7:32 am

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.