…According to the EU, around 450k European SMEs are transferred annually to new owners or successors. This also means that over two million employees change employers every year. However, not all transfers are successful. It is estimated that around 150k SMEs risk closing down or losing value each year, putting around 600k jobs at risk. Furthermore, according to the OECD, 15.1% of viable SMEs are lost annually due to retirement and failed business transfers…
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Purchasing an established business is an intelligent approach to entrepreneurship, particularly during uncertain, unstable, and downsizing periods. Compared to starting a business from the ground up, you can enjoy higher profits and lower risks and have a 96% chance of survival, as opposed to the 20% survival rate for new companies.
Business transfers, whether through sale, merger, or acquisition, involve various legal and financial challenges that require careful consideration.
Legal challenges encompass regulatory compliance, contractual obligations, intellectual property, and liability issues. Financial challenges involve valuation discrepancies, financing, tax implications, and cash flow impact. Successfully navigating these challenges requires a multidisciplinary approach involving legal advisors, financial experts, and often tax consultants.
CORTMA certification signifies that businesses have passed a comprehensive Due Diligence evaluation, assessing their financial health, operational efficiency, legal compliance, profitability, and growth potential.
CORTMA serves as the core company in a well-organized network of businesses within the SME market, acting as the hub of micro, small, and medium-sized enterprises (MSMEs) in transition…
The company strategies, coordinates, markets, and supports MSME handovers and has developed an Early Warning Mechanism to boost business resilience, sustainability, and transferability.
Our Value Proposition to target markets is powered by a productive set of processes that actively support a coherent solution for the transfer or succession of MSMEs…
Successful business transfers are crucial for maintaining business continuity and safeguarding employment opportunities…