Owners Selling Property, Business Must Plan Carefully for the Future
By Bob O’Hara
A recent nationwide survey of construction owners indicates that an estimated 24 percent of all construction-company owners intend to opt out of their businesses within the next five years, either through an internal transfer or an outright sale. Of that number, 50 percent of those responding were unsure or unaware of techniques for transferring or selling ownership. Not surprisingly, a transfer or sale can take a long period of time to transpire and requires a comprehensive action plan.
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