Selling the Family Business
In family business, often a dispute arises as to whether to sell the family business, or retain it within the family. Selling a family business affects the active members of the business, and also the passive stakeholders who rely on the business for financial support. Sometimes family businesses are sold because of unresolved conflict and contention. These businesses might have been ongoing and profitable if the family participants and stakeholders could have resolved their problems.
The interests of the family members who wish to sell the business and those who do not can be reconciled and planned for in family mediation. The terms of the sale and its effectiveness in securing value for the family members can be addressed in mediation. Family mediation can assist the family members in understanding and managing the transition, which can be a difficult personal, financial, and professional transition for the family stakeholders.
If you are considering mediation services for your family business, and would like to speak with a MCFM mediator, search our database for family business mediators specializing in Selling Family Businesses within the Commonwealth of Massachusetts.
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