Transfer of ownership is the second-last step in conveyance of power from parent to child,that of distributing ownership of the family business.

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Transfer of ownership is a crucial step in the conveyance of power from parent to child in a family business, but it is not specifically categorized as the second-last step in this process. The process of transferring ownership can vary greatly depending on the family, the business, and legal requirements.

Transfer of Ownership Is the Second-Last Step in Conveyance of Power