When you are considering selling your business, you may have possible buyers within your own family. You may want to withdraw from the business but still keep the business within the family, and you might have children or other relatives who work in your business with you who might be ideal potential buyers. When selling your business to family, there are certain financing arrangements available that you probably wouldn’t consider when selling to someone outside the family. There are also tax considerations that apply specifically to transactions within the family — some favorable, some not.
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