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Private business owners looking to sell their enterprises now prefer a gradual sell down to an outright sale but most lack a formal succession plan to achieve it, according to a survey by Deloitte and Moyle Consulting. One key element of preparing a business for an ownership transition is having a remuneration policy in place, clearly outlining remuneration, incentive schemes, performance pay and shareholder options, as this can increase buyer options during any sale.
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