539 Bielenberg Drive,
Exit Planning: A Guide to the Process
Every business owner will leave his/her company at some point, voluntarily or otherwise. Most are so consumed working “in” their businesses they forget the need to work “on” their business’s Exit/Succession Plan. Transitioning ownership is generally the most significant financial event in a business owner’s life. And it takes years to prepare. This program will help educate owners on a proven process used to develop a written Exit Plan and highlight common mistakes to avoid.
Key Employee’s Incentive/Retention Plans
Key employees are an essential ingredient to any successful business. They are also known within their industries and are often the subject of competitor recruiting efforts. How do owners encourage high-caliber talent to stay the course via a competitive compensation package? Learn the “how and why” of Key Employee Incentive/Retention Plans and how owners use them to effectively recruit, motivate and retain their key talent.
Internal Ownership Transitions: Can They Work?
Many businesses transition to internal buyers, i.e. co-owners, key employee groups and or family members. The reality is that rarely do these parties come to the table with much capital to invest, if any. In addition, most strategies end up benefiting our “silent partner”, the IRS, as much as the departing owners. Learn strategies you can use to facilitate internal transitions and still receive maximum value upon departure.
Business Continuity Planning: Why and How
As an owner, you plan your business’s growth/success and maybe even your plans for transitioning someday. But what happens if a “triggering event” forces ownership transition prematurely, i.e. disability or death. What are the vital issues that need to be addressed including stock transfer, loss of financial resources/talent and loss of key employees and customers?
Family Business Transitions: A Recipe for Success
Why do so many family ownership transitions fail? What unique issues/techniques are necessary to minimize taxes, obtain fair market value and treat everyone equally? Without proper planning Family transitions are typically a “recipe for disaster”. Learn ways to avoid common mistakes and live to tell about it!