BUSINESS SUCCESSION – TRANSFER WITH CARE

by Christoph Herting
When looking for a new proprietor, every small or mid-sized firm is faced with a pivotal challenge. Good preparation, open communication and clear rules are vital. Someone who has passed on a business over four generations of a family will have something to say about business succession and changes in general: “It all began with around a hundred horses and transportation routes between Bergedorf and Hamburg and the first purchase of a lorry back in 1928”, recounts Carsten Buhck about the origins of a family business that was... »more