Starting an entrepreneurial venture also implies a situation in which, over time, it will arise the moment when the entrepreneur will need to leave the business venture. Such a process can last for several years, depending on the planned exit model. Although retirement is the most common reason why owners want to withdraw from the business, there are other reasons such as divorce, illness, change of owner's profession or sudden death. It is desirable that the process itself start planning in a timely manner in order to provide enough time for implementation of the chosen exit option. When the owner decides to leave the company, there are a couple of options available. Such options include transmission business to a family member, which is also the most preferred option among entrepreneurs, then can decide to sell or liquidate the company. Every entrepreneur decides on the option which seems the most acceptable according to his/her situation. In the empirical part of the work through analysis of the case study, the course and success of the transition was investigated on the example of a family business from practice. In the analyzed case, the owner transferred the business to a family member, i.e. his son who successfully continued to develop the business. Successful transition of business in analyzed case is the result of timely preparation, as well as the awareness of the founder that such a process is not simple at all and brings many challenges and obstacles.