Transferring your business

Transferring your business

Djena Dresse 06/11/2019

Whether you are the founder of your company, have inherited it or have bought it from a third party, the sale of your company is very often a difficult step to take. It is not always easy to hand over to someone else the management of the company to which you have devoted part of your life. You want your "baby" to survive when you leave, that you pass on his know-how, while valuing the fruits of this work at its fair price.

"Surround yourself with professionals"

That's what everyone will remind you of. These professionals (accountants, consulting firms, bankers, lawyers, notaries, real estate agents, etc.) are indeed there to support you throughout your process. Their help is essential. They will help you to optimize the tax and financial aspects of the sale of your company. They will remind you of an important recommendation: "You must teach your company to live without you!"

"Learn to live without your company"

Not enough consideration is given to the emotional nature you have with your company. The sale of your company commits you but it also commits your professional and personal entourage. Discussing the transfer of your company with your family can sometimes be difficult but it is necessary to do it.

As a seller, you want your company to continue to exist after you leave. You also have a moral obligation to your employees. All these elements will depend mainly on the choice of the buyer with whom you should feel confident. Your company remains like a part of yourself. The emotional aspect is the most important dimension and unfortunately, we too often neglect it.