Business leaders are no exception to the country's demographic trend: like the French, they are aging. According to a report published in October 2022 by the French Senate's business delegation, 25% of business leaders are over 60, and 11% over 66. Consequently, the highest estimate puts the number of businesses of all sizes looking for a buyer over the next ten years at 700,000. But passing on the baton is a complex process, as the French tax system continues to penalize the transfer of ownership. This is a huge challenge at a time when France is seeking to regain its competitiveness and restore the prestige of its industry.