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  • Simple Steps to Exit Your Business Workshop

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    Name: Simple Steps to Exit Your Business Workshop
    Date: April 20, 2019
    Time: 8:00 AM - 12:00 PM EDT
    Event Description:
    It's challenging to start a business, but it may be even more challenging when the time comes to exit one. Your business is probably your most valuable asset, but how do you plan to extract or pass on that value when you're ready to retire? This half-day session will help you develop your exit strategy.
     
    Three one-hour presentations by succession planning experts will cover:
    - Your options for exiting: Sell to a third party, transfer to a family member, sell to an employee, sell to a competitor or close it down 
    - How to put a value/selling price on the business 
    - Selecting and preparing a successor
    - Why a buy/sell agreement is crucial
    - Is an ESOP (Employee Stock Ownership Plan) a practical option?
    - How to calculate the income replacement value of your business
    - Why you can't count on a sale to fund your retirement
    - What you can do to minimize estate taxes
    - Ways to avoid a forced liquidation to pay the tax bill
     
    Business owners, don't miss this opportunity to get up to speed on a critical subject you may have neglected. 
     
    NOTE: Breakfast service, including omelet station, begins at 8:00 a.m., program starts at 8:30.
     
    FEE: $50 registration, includes hot breakfast and mid-morning snack. 
     
     
     
     
     
    Your Speakers: Russ Cumbea, CFBS; Leslie Halstead, CFBS; and Stephen Watson, JD Estate Planning Specialist
     
    Russ Cumbea, a Certified Family Business Specialist (CFBS), has worked for MassMutual for 28 year with a focus on Investment and Retirement Planning.
     
    Leslie Halstead, CFBS, has worked for MassMutual for over 9 years with a focus on small business planning and succession planning.
     
    Stephen Watson, JD, is an Estate Planning and Estate Administration Specialist with over 25 years on the Virginia Bar.
     
    Location:
    Salisbury Country Club
    13620 W. Salisbury Rd
    Midlothian, VA 23113
    Date/Time Information:
    Saturday, April 20th
    8 am to Noon
    Contact Information:
    Fees/Admission:
    $50.00 includes hot breakfast and mid morning snack
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  • Goochland County Chamber of Commerce Calendar of Events and postings to Social Media from the Calendar of Events contains events that are being hosted by the Goochland County Chamber of Commerce and its Members.  A Third Party (someone not associated with Goochland County Chamber of Commerce) may request to add their event to our Calendar of Events.  The event will be permitted only if it is deemed relevant to Goochland County Chamber of Commerce Members and Goochland County Residents.  Each event is reviewed for accuracy.  While every attempt is made to ensure that all information is accurately referenced, we do not guarantee the accuracy, timeliness or quality of the content of every source.  The views and opinions expressed during the events that are listed on the Calendar of Events are the views and opinions of those who are hosting the event and do not necessarily reflect the official policy or position of the Goochland County Chamber of Commerce.  The Goochland County Chamber of Commerce strives to be a Non Political Organization.

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