Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
5 Perspectives on Business Succession in Family Businesses

5 Perspectives on Business Succession in Family Businesses

Prem, Judith

Paperback

General Law

ISBN10: 6209973477
ISBN13: 9786209973475
Publisher: Our Knowledge Publishing
Published: Apr 30 2026
Pages: 88
Weight: 0.28
Height: 0.21 Width: 6.00 Depth: 9.00
Language: English
Succession planning in family businesses must, without fail, be considered from a long-term perspective and on a case-by-case basis. As a first step, it is essential to start thinking about succession planning in good time and to get everyone involved on board. For most family businesses, this represents the life's work that the entrepreneurs have built up. It is particularly difficult for the person handing over the business to 'let go'. Another perspective from which succession must be considered is the legal form of the business. Various forms of business transfer and restructuring enable the business to shape a successful future. In family businesses in particular, inheritance law aspects must be considered and an unintended transfer upon death must be avoided. Taking into account the changes introduced on 1 January 2017 by the Inheritance Law Amendment Act 2015, various options for this are examined. Business succession is a cross-cutting issue that touches on a wide variety of legal areas, with economic and psychological aspects playing a major role.

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