Selling a Family Owned Business

Frederick D Lipman

Chapter Chapter 10 in The Family Business Guide, 2010, pp 119-132 from Palgrave Macmillan

Abstract: Abstract The decision to sell a family business is gut wrenching for many families. Families tend to personally identify with the business and view its loss similarly to how they might view the death of a close relative. The emotional value of owning a family business cannot be overestimated.1 As in so many other aspects of owning a family business, frank and open meetings are essential to maintaining family harmony in anticipation of a sale.

Keywords: Cash Flow; Family Business; Purchase Price; High Bidder; Potential Buyer (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11180-6_11

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DOI: 10.1057/9780230111806_11

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