---
title: Ownership Transition Guide | Live Oak Bank
description: Download Live Oak Bank's ownership transition guide. This guide will cover how to plan and execute an ownership transition.
image: https://info.liveoak.bank/hubfs/Ownership_Transition_Guide.png
---

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# Ownership transition Guide

When buying or selling a business, a successful ownership transition is essential to preserving the seller’s legacy and setting the buyer up to thrive. This guide will cover how to plan and execute an ownership transition. 

![Ownership Transition Guide](https://info.liveoak.bank/hs-fs/hubfs/Ownership_Transition_Guide.png?width=2000&height=1287&name=Ownership_Transition_Guide.png "Ownership Transition Guide")

### What's Inside This Guide

- Finding buyers and sellers: After proper preparation, it’s time to connect with a buyer or seller.
- Due diligence: The buyer should continue the initial assessment with thorough due diligence.
- Transition Plan: You’ve made it through due diligence, but you’re not out of the woods yet.

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