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Do these 4 things if your kids can’t (or won’t) take over the business

Joe Rinaldi poured his heart and soul into building a profitable car dealership. Then came the realisation that nobody would take over.

Michelle Bowes
Michelle BowesWealth reporter
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After building a successful small business over 24 years, Joe Rinaldi faced a dilemma.

Following the death of his father and the trials of COVID-19, accompanied by the demands of supporting his elderly mother, preparing for electric vehicles and dealing with ever-expanding compliance requirements, the now 63-year-old decided in 2022 it was time to retire.

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Michelle Bowes writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
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    Original URL: https://www.afr.com/wealth/personal-finance/do-these-4-things-if-your-kids-can-t-or-won-t-take-over-the-business-20250501-p5lvn9