Name
Business Succession Planning
Date & Time
Thursday, August 1, 2019, 8:00 AM - 9:30 AM
Speakers
Description
Overview and Process
A. In formulating a business succession plan for a professional practice, there are four important choices:
1. Emergency Transition Plans
2. Sales to worthy candidates within the firm.
3. ESOPs: Employee Stock Ownership Plans (not applicable for some professions)
4. Sales to outside buyers.
B. We will discuss the benefits of each
C. Valuation for each technique will be considered
D. The process for each type of transition program will be outlined
Practical Tips and Suggestions
A. How to attract and satisfy candidates: The 3 “C’s”
B. Structuring an attractive Incentive Compensation Plan
C. Documenting the Program
Sessions
Peter Myers and co-presenter, Bill or Paul
Course Level
Intermediate
Course Focus
Trusts & Estates
Credit Type
General
Eligible CLE Credits
1.50
CLE Eligibility
Eligible for CLE credit