EU SMALL MEDIUM-SIZED BUSINESSES OWNERSHIP TRANSFER SIMPLIFICATION
March 1st, 2006
BY ALAN OSBORN
The European Commission has published a set of recommendations designed to make it easier for economically sound small and medium-sized businesses to change ownership. Brussels estimates that a third of EU entrepreneurs will retire through old age within the next ten years. This could affect 690,000 businesses providing 2.8 million jobs, it says. In many cases the business simply ceases because of financial and legal problems or because the founders put off or ignore preparations for new ownership.
The Commission is now asking the 25 EU member ...
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