Exit Planning Session-January 14, 2010
Schaffner, Knight, Minnaugh & Company and Decision Associates will conduct an Exit Planning Seminar on Thursday, January 14th from 1:30 - 4:30 p.m. at the Manufacturer and Business Association. The event will be followed by a reception from 4:30 to 6:00 p.m.
Tailored for business owners and their spouses as well as trusted advisors and their clients, the seminar will focus on all elements of exit planning. Registration is required by calling Sue Moore at 814-528-9404. Cost is $150. See seminar details and outline below:
Doing it Right for the Sake of Your Family, Future, Finances & Business
An Overview of Your Exit Planning Options
1. What they are
2. Characteristics of each
3. The Pro’s and Con’s of each
4. How to plan and prepare
5. Case Studies
What is Succession Planning?
1. Selling Outright
2. Sale/Gift to Family
3. Sale to Employees
4. Keep as an Investment
5. Do Nothing
Characteristics of Each
1. Definition
2. Structure
3. Pro’s and Con’s
What Can Go Wrong In Any Exit Plan
1. Owner Mistakes
2. Financial Mistakes
3. Mistakes in the “Deal”
4. Successor/Buyer Mistakes
5. Tax Mistakes
Issues to Address in Every Exit Option
1. Business Issues: Markets & Market Strategy, Products & Product Strategy, Equipment, Technology, Inventories, Cost Structure, Margins.
2. Your Team: How good are they? How good are they without you? Stability? Succession?
3. Tax Planning: Personal, Business, Estate.
4. Valuation & Value Planning: What is the value today? What could it be? How it must be managed depending upon the Exit Option.
5. Legal Inventory: Buy/Sell, Shareholder Agreements, Trusts, Estate, Compensation Agreements,
Consulting Agreements, Employment Agreements.
6. Legal Entity Structure: What you have today? What to consider for the Exit Plan?
Case Studies
1. Selling/Gifting to Children
2. Selling to Key Employees
3. Selling your business in the open market
4. Keep your as an Investment, operated by a management team (Deferred Sale)
Q & A - Panel Discussion
Reception: 4:30 – 6:00 p.m.
To register, please email Sue Moore at Decision Associates at suemoore@decisionassociates.net.
