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Succession Planning Workshop
November 3, 2020 @ 9:00 am - 10:00 am
Thinking about retiring from your Small Business? Planning the transfer of your business to someone else requires more than putting out a For Sale sign. Now might be the time to get serious about creating a succession plan that works for you, your employees, your business and community. This online workshop is designed to help you explore options and to answer some of your questions.
Succession planning addresses concerns before they become major problems and, if it is a family farm, aims to bridge the gap between generations of farmers. A good succession plan will also assist in a smooth and financially efficient transition considering legalities, taxes and timelines.
We will review:
- preparing your business for sale
- identifying potential buyers
- marketing your business
- legal and financial accounting ramifications and support required; and
- common business valuation techniques