Exit Planning Executive Briefing Part 2: Successful Ownership Transfers to Insiders
When it comes to exit strategies for your business, transferring ownership of your company to key employees within your organization may be one of your best options.
Only a small percentage of businesses successfully sell to a third party, and there are size requirements for certain transactions. Not only could an inside transfer be the most practical strategy – it can also help to continue the legacy you created.
What are your key considerations when choosing to transfer ownership of your business to current employees? How can you avoid the most common mistakes so your inside transfer goes smoothly?
- Michael DeSiato, CPA, CExP, CFP® | Partner, Tax Services | Cherry Bekaert LLP
- Marc I. Solomon, JD | Partner, Corporate Law | Weiss Serota Helfman Cole & Bierman, P.L