Business transfer, according to the definition of the European Union, means the transfer of ownership of a company to another person or another company, which ensures the continuity of existence and business activities of the company. Due to the fact that the job of an entrepreneur is an extremely exhaustive job that requires daily engagement, almost every entrepreneur at some point in their life wants to leave their job for various reasons. Some of the most common reasons for leaving your job are retirement, sudden situations (such as illness, death and similar factors) or other reasons of a personal nature (job saturation, change of profession or interest). Regardless of the reasons for the transfer of business, there are five basic models of business transfer, namely: transfer of business to family members, sale to an employee or manager of the company, sale to an external buyer or manager, initial public offering or liquidation of the company. For the purposes of the final paper, the author investigated the theoretical framework of business transfer in family businesses. Also, the paper presents foreign and domestic examples of good practice, and finally empirically investigated and presented the transfer of business to family members in a small family business Mišić G service. Based on the obtained results, it can be seen that the preparation of the business transfer was carried out spontaneously but followed exactly the steps listed in the literature and recommended in various policy documents.