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OWNERSHIP TRANSFER & MANAGEMENT SUCCESSION
Ownership transfer and management succession challenges are more acute than ever given the rising average age of private business owners and key executives in the engineering and construction industries. Not only does it take long-range planning to facilitate an internal sale of company stock to the next generation, but the pricing methodology must be logical and fair, the transfer medium must be tax-efficient and the key managers must be selected with care to facilitate a smooth transition from one ownership group to the next.
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