- Familiarity and ease. You know, love and trust your family. Keeping it all in the family can give you a sense of comfort. Plus a healthy, thriving business could become a family legacy.
- Continuity. If you have a strong bond with your children and they agree with your way of thinking and operating the business, this can provide the smoothest transition. You could plan for this – and groom them – years in advance.
- Flexible terms possible. There are many ways to structure this type of sale. For example, you could receive a stream of income spread out over many years through an installment sale or a private annuity.