Succession is the planned transfer of leadership or ownership to a manager, employee, family member, partner, or new owner.

What Does Succession Mean?

The planned transfer of leadership or ownership to a manager, employee, family member, partner, or new owner.

Why Is Succession Important When Selling an Online Business?

This term can affect how buyers evaluate risk, value, transferability, payment structure, or the practical completion of an online business acquisition. Founders should understand it before entering negotiations or signing transaction documents.

Related Terms

• Exit Strategy
• Management Buyout
• Transition Period
• Transferability
• Seller

Next step: Explore the related glossary terms above or request a confidential online business valuation from Company-Seller.