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Passing on the Family Business

Many people running their own business cherish the thought of some members of their family continuing to run their business when it comes time to retire. The business that you have grown and developed in your lifetime can continue to do so in family hands rather than being sold to another business which may absorb your customers into its products and services. And is it a type of business that, despite being profitable, can be sold anyway?

 

In this Briefing we take a look at the key issues to keep in mind in order to enhance the prospects of a family succession taking place. We concentrate on the tax issues for yourself and other members of the family. Read more

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