Family succession or an outside buyer?

Start with an honest conversation

Ask your family directly whether anyone wants to run the business. Many owners assume the answer, in either direction, and are surprised.

Keeps it in the family, but often means a lower or slower payment to you, and needs a successor who is ready and willing.

Usually gives you a clearer payment and a clean break, and family can still benefit from what you receive.

Some owners sell to an outside owner who keeps a family member in a role. Talk options through with your adviser and your family together.

Put it into practice

General guidance only, not legal, tax or financial advice.