Managing the transfer of a company to a sibling
October 14, 2012 12:14 PM Subscribe
I have an acquaintance who is an only child and who works for a company (with around 60 employees) that is wholly owned by his father. As his father gets older and bored with the day-to-day workings of the company, he plans (while still healthy) to turn the company over to his son. This must happen all the time, so I am wondering whether people have written about different ways such a transition might be managed.
posted by retiree to Work & Money (6 answers total) 4 users marked this as a favorite