Preparing and successfully transferring your hotel-restaurant to your children (article published in the magazine “L’Hôtellerie restauration” – Part 1)

This series of articles aims to anticipate the key steps and prepare you for your meetings with your advisors. Attorney Sophie Petroussenko, specializing in business and real estate law, discusses the first four steps with us.

To help you understand the ins and outs of the business transfer process, we present a case study:

• You are 65 years old.
• You operate a hotel-restaurant with a turnover of €750,000, of which you are the sole owner. The business is valued at one million euros by an expert.
• The outlook is good and presents no particular difficulties for your children.
• You are married under a separation of property regime.
• Your spouse is a collaborating partner but not a partner.
• You have three children.
• Two of them are hospitality professionals and already work for the company.
• The third does not work in the sector.
• You are considering transferring ownership of the business free of charge if your assets allow.

To read more, click on the link:

https://m.lhotellerie-restauration.fr/sos-experts/preparer-et-reussir-la-transmission-de-son-hotel-restaurant-a-ses-enfants-1re-partie

PETROUSSENKO Law Firm