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Answer the following statements please!!! The transfer of ownership is fraught with challenges. To significantly increase the chances for a successful continuation of the business,

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Answer the following statements please!!! The transfer of ownership is fraught with challenges. To significantly increase the chances for a successful continuation of the business, according to Hausner in the "Legacy Family", the succession should be managed as a process of six orderly transitions. Identify these six transitions.

A.

Government

City Laws

Business Ethics

Management

Ownership

Exit Strategy

B.

Founder

Family

Business

Management

Ownership

Exit Strategy

C.

Organization

Limited Liability

Taxes

Management

Ownership

Exit Strategy

D. none of these

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Answer :-

Option B is the correct

To significantly increase the chances for a successful continuation of the business, according to Hausner in the "Legacy Family", the succession should be managed as a process of six orderly transitions. property first be transferred to the founder and then family and then business management and ownership exit strategy .

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QUESTION 52 Which of the following statements concerning small business and law is not true? Not all laws apply to your business on the day you open. Understanding the legal system will help you be less intimidated by attorneys and the law. State laws applicable to small business are standard in all fifty states. O Business and law are inseparable

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