Business Transfer Letter, Sample & Format

Introduction :

A business transfer letter is one that is written by an individual who wishes to officially transfer his/her business to any other person. Business is built through hard work of years of many people. However, there always comes a time when the creator or the founder of the business wants to retire from his work and hand it over to his children or some one he has faith on to enjoy the remaining years of his life.

A business transfer letter is a formal letter issued by a businessman to his children or a person whom he entrusts with his business, stating his wish to transfer his business to that person. It mentions the reason behind his decision and also as to what responsibilities the person will have to bear. It also mentions all other crucial details of the business which will help the receiver of the letter in understanding it better.

 

Sample :

The following is the sample of business transfer letter.

 

From,

Dinesh Kapadia,

Founder,

Kapadia Enterprises Pvt. Ltd.

Date – DD/MM/YYYY

To,

Umesh Kapadia,

CEO,

Kapadia Enterprises Pvt. Ltd.

Subject – Business Transfer.

Dear Umesh,

First of all, I would like to take this opportunity to congratulate you on your recent success of being awarded as the most hard working employee of the year. It is not easy to earn that award, and I am glad that you did.

It gives me immense pleasure to tell you that I have decided upon the person who shall look after my business. Since you know that I have plans of settling abroad and see the business over there, I was in search of someone who would keep the business afloat here too, without my presence. After observing all the employees for a while, I have reached to the decision of appointing you as the next head of this company.

It is not only because you are my brother, but you deserve it. No one other than you treats this company as their own. I know it is a big decision to be entrusted to you, but I hope that you will continue to do your best and will take the business to even those heights which I cant’ imagine. I have attached a detailed document along with this letter to brief you regarding all the important matters of the company. I shall be making this announcement on the 15th anniversary of our business. Wishing you all the best.

Best wishes,

Dinesh Kapadia,

Founder,

Kapadia Enterprises Pvt. Ltd.

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