Does A Business Transfer To Children Make Sense?

June 4, 2010 - PRLog -- Achim Neumann, President of A Neumann & Associates, New Jersey, recently presented various considerations on the company’s blog site http://neumannassociates.com/blog/ respective a business transfer from a (founding) owner to his/her children.

As Neumann states, “several pitfalls need to be avoided to make the transfer successful.” Most importantly, a business owner needs to ensure that the most qualified person will continue leading the company.

“Typically, eighty percent of an entrepreneur’s net worth is tied up in the business, and thus, transferring the business requires the securing of sufficient funds for the founder’s life in retirement, “ said Neumann.

For a full review of the presentation, please visit http://neumannassociates.com.

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A Neumann & Associates, New Jersey, is one of the most respected middle market brokerage firms in the country. From our New Jersey location, buyers and sellers have trusted Business Brokers Network BBN® and affiliates, since the early 1980s. We have has successfully represented many clients and has sold companies worth billions of dollars.