Selling a family-owned business will typically be a once-in-a-lifetime event. Throughout the transaction, owners of a closely-held company must concurrently maintain the ordinary course operations of the business, while at the same time negotiating the sale with the buyer in strict confidence. The stakes are high, with major financial and emotional implications for sellers and their families. This makes navigating the sale process both an exhilarating and arduous experience. Below are five tips for family business owners to ensure they are well-prepared to court prospective purchasers and close a deal.