Business Succession Success factors and implementation recommendation in the event of a company succession

Main Article Content

Jürgen Weltermann
Lubimora Strazovska

Keywords

Succession, Inheritance Law, Shareholder Management, Contract Design

Abstract

This article deals with the key factors of a successful company handover. The aim is to use a qualitative content analysis to determine which factors are relevant to this project. The research question is therefore: ‘What are the success factors for a successful transfer of the company?’. This article relates to seven factors that are relevant to this. This issue is of great economic importance. It is a question of preparing the transfer of the company for the employees, the outgoing shareholders, the incoming shareholders, the coordination on the size and payment method of the purchase price, the drafting of contracts, the inheritance situation, and the preparation of a company concept with a timetable. Of course, in the end, implementation is also presented based on these factors.

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