Jørgensgaard

Transfer description

The business transfer was an easy way for Morten to get started.  He is the youngest son at the former owner.  Morten and his wife both have an education in agriculture. The whole family (incl. Mortens sibling) wants the company to continue in the family’s ownership.  The reality has the perfect setting for the life that Morten and his wife want for their family.  The process of business transfer took about 1½ to 2 years.  The biggest challenge has been to find out which rules on business transfer are the most advantageous for both parties. Here they talk most about the tax rules, which are very cumbersome in Denmark. So both parties have always been considering which model of succession was asked in their case. 

 Involved institution 

Two advisors have been used in connection with the business transfer. An finance advisor and a generational change consultant. In fact, the economy has not been the big challenge, as it has not been necessary to obtain external funding.  The two advisors come from an association for agricultural advisory services.  The price for advice has been approx. 30,000 Euro. 


Facts

PreviousCurrent
OwnerMartin Schmidt  Morten Beierholm Schmidt
Legal form of the
company
Owned by one personOwned by one person
Number of employees 11
BrandModel of transferInvolved institutionCountry
Agriculture1 Family transferFinance advisor
Generational Change Consultant
Denmark
Made by 

FBO

Author

Head of Digital Learning at IBC - International Business college. Master ICT and Learning Master International Marketing Bachelor Business Management