Business Ownership Transfer in the Construction Industry

As an owner of a family run business begins to dream about retirement, questions begin to arise about what will happen to the business.  Beginning the process of a sale or transfer is hard because most people don’t know where to start.  There are a few general guidelines that will set the foundation of a more seamless transition in the future.

Although this article reflects on a business in the construction industry, it truly applies to any type of business where the owners are thinking of successorship and transferring ownership to a family member.  As with any major business change, be sure to consult your lawyer and accountant to help with the process as well.

Illinois Office

  • 95 N Research Dr
  • Suite 100
  • Edwardsville, IL 62025
  • Mon-Fri: 8am - 5pm
  • phone 618.692.9800
  • toll free 800.556.2663
  • fax 618.692.9865
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Missouri Office

  • 2236 Mason Ln.
  • Ballwin, MO 63021
  • Mon-Fri: 8am - 5pm
  • phone 314.821.6560
  • toll free 888.868.6560
  • fax 314.821.5779
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