 If the business fails to perform as required or the child leaves the business during the buyout period, owners must have the right to reacquire the ownership already transferred."John Brown, Exit Planning |
Transferring the Business to Family Is the Most Hazardous Exit Path
John Brown | IRIS, March 2017
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Summary: In Exit Planning, the most important element of successful transfers is financial security for departing owners. This element often is gravely threatened by the prospect of transferring the business to successors (in this case, children) before the owners (i.e., parents) are financially secure.
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