Entrepreneurs often think that the money in the company is “their money” and that they can simply transfer it from the company account to their personal account. Just like that—without anything further. Especially when the managing director and shareholder are the same person. A classic mistake, as they say
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Sudden succession in a family business This was the title of my recent post on the social network LinkedIn on the topic of sudden succession in a family business. Sudden succession in a family business is a situation in which a family business is generally founded, owned and/or managed by a particular member(s) of the family concerned
When I talk about how to sell a company, I mean the transfer of an ownership interest in a company from its current owners to a new owner(s). What is being “sold” does not necessarily have to be only a 100% interest in the company in the form of a transfer of a business interest or all shares