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The skilled trades are the heart of the German economy. They have always combined tradition with innovation, created jobs, and trained the skilled workers of tomorrow. But thousands of craft businesses in Germany are facing a crucial turning point: the generational change. Succession in one's own business is more than just a formality. It is the culmination of a lifetime's work and, at the same time, the beginning of a new chapter—for both the senior craftsman and the successor. Especially in times of skilled labor shortages, successful succession is more important than ever. It not only secures jobs and expertise but also strengthens the entire sector.

This book provides practical solutions for successful business succession and how to avoid typical pitfalls. In addition to outlining the phases of the succession process, it examines legal and tax aspects in detail from the perspectives of both the outgoing and incoming owners. Furthermore, it explains forward-looking topics such as sustainability and digitalization.

Experienced master craftsmen and business owners receive tips on how to future-proof their businesses and thus increase their attractiveness to successors. Ambitious successors are given guidance on how to successfully maintain proven traditions while remaining open to new ideas. With the right preparation and support, business succession can become a success story for everyone involved, ensuring that the skilled trades remain strong and vibrant for future generations.

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