Our frequent partner in assisting family businesses, PriceWaterhouseCoopers, created a series – Realizing Shareholder Value: Private Company Exit Strategies – to help guide privately-held business owners in the development and execution of effective exit strategies. In this first installment of the series, the authors introduce some of the basic questions and considerations in the transition of ownership of a family business. They identify some of the key reasons for transitioning, the possible structures of a transition and the many challenges that could present themselves. More than anything, the authors accurately stress the need to ask the key questions and to begin planning with your advisors as early as possible to make for as smooth a transition as possible, whether you are passing the business to your children or selling to a third party. This is an excellent “first read” for any family business owner beginning to consider these important issues.
To read the PriceWaterhouseCoopers installment, “Private company exit strategies: making the decision to sell,” click here.