Transfer must involve an owner who wants to transfer their business to one or more successors wishing to participate in the management and ownership activities of the company during the acquisition process.
- The Business Transfer Awards contest is limited to privately held Quebec businesses
- At least one successor must be a family member
- The transfer must have involved a progressive buy-out process that resulted in more than 50% control for the successor(s).
- The transfer must have taken place within the last 10 years.