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3 Things to Consider Before Selling a Family Business

  • Selling a family business can be one of the most difficult decisions an owner can make, requiring careful planning and consideration.
  • Understanding the legal and fiduciary responsibilities is crucial before proceeding with the sale.
  • Assessing the value of the business and industry trends helps determine the timing and potential sale value.
  • Considering potential future legal or financial liabilities is important to avoid complications and ensure a successful sale.

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