http://ed.gr/b0o0b This article does not take into account any of the emotional side of the decision & subsequent actions needed to complete the transfer without the level of drama. Understanding the personalities involved, how they operate are all important to build trust & rapport.

The sale of a family-owned business can be tricky. You can sell it on the open market, or to another family member. There are pros and cons to each one of these options. Read about the tips, tricks, and traps with family businesses.