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Robbinex > Business Consulting Services > Family Business Planning > Next Generation Transition
Many business owners dream about the day that their children will take control of the business. When the children have had the proper training and experience, seeing them take over and successfully run a business can be one of the most gratifying experiences for a business owner and parent.
At the same time, passing on a business to the next generation is one of the trickiest and most challenging forms of transition. Stakes are high: if a transition is not successful, the value of a business may be diminished or destroyed; the inevitable stresses of running a successful business, let alone a struggling one, also have the potential to strain family relationships.
Much will depend on whether they have the character and skills necessary to run the business. Robbinex can help on both counts:
We typically assist with valuation and designing a transaction structure by which ownership is passed onto the next generation.
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