Is successful business succession in SMEs a social challenge?

by Bundesverband der Deutschen Industrie e.V.

Can SMEs take the digitalisation for granted?

Taxes

Is successful business succession in SMEs a social challenge?

.The unity of management and ownership as well as thinking in terms of generations make the regulation of succession in family businesses a special challenge.

.Between 2020 and 2025, around 500,000 companies will face a generational change (BMWi 2020).

.The handover of a company is emotionally and culturally as well as economically and financially challenging. Inheritance tax law must be designed in a way that is SME-friendly in order to protect the defining characteristics of family businesses and the economic success associated with them.

Preferred succession solution

Source: IfM Bonn (2018c)

Is successful business succession in SMEs a social challenge?

Next Article

Can SMEs take the digitalisation for granted?

Taxes

Is successful business succession in SMEs a social challenge?

Preferred succession solution

18%

Handover to employees/ internal succession

53% 29%

Sale to external parties/ external succession

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This article is from:

The German Mittelstand