Simple Steps to Exit Your Business Workshop
Date and Time
Saturday Apr 20, 2019
8:00 AM - 12:00 PM EDT
Saturday, April 20th
8 am to Noon
Location
Salisbury Country Club
13620 W. Salisbury Rd
Midlothian, VA 23113
Fees/Admission
$50.00 includes hot breakfast and mid morning snack
Simple Steps to Exit Your Business Wo...
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. |
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| 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. |
