Some Generally Recognized Ways to Transfer a Family Owned Business

question 2

Multiple Choice

Some generally recognized ways to transfer a family owned business to family members are

• A)close the doors,walk away and let the children assume operations
• B)through a gifting program or joint ownership
• C)by selling it to a third party who will guarantee to include the children as top executives
• D)to hire the children as CEO's and let them assume management

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Definitions:

Family Business

A commercial organization in which decision-making is influenced by multiple generations of a family related by blood, marriage, or adoption.

References

Citations or acknowledgments of sources used in the preparation of a work, serving to lend credibility and context.

Busy Résumé

A resume that is densely packed with information, often detailing numerous jobs, skills, and achievements.

Many Fonts

The various styles and designs of text characters used in writing and printing to enhance visual appeal or convey particular moods.