As more and more compressed gas distributor owners get closer to retirement age, they are faced with the decision to either pass ownership of their business to their children, relatives, or consider selling it.
For family-owned businesses that are looking to transition ownership to someone in their family, there are several additional legal and financial steps that will most likely be required. And if the owner has a daughter or female relative, there may be an additional opportunity to consider: converting the family-owned business into a 51% woman-owned business.
If you or someone you know is in this situation, there may be some alternatives to consider as you try to transition your company into a woman-owned business. What’s more, there may be additional opportunities you can create for the future.
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