Leaving Your Business Series – presented by John Hrastar

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Summary of three part series

Part 1: First Steps in Managing the Transition
Discover the numerous options to consider and the fundamental decisions you need to make at the outset when transferring ownership of your business, including:

• Which transition strategies are available to you, how the options differ, and a brief overview of their distinctive components
• How to determine the best transition strategy for your business
• Why it’s important to develop a carefully crafted exit strategy at the start of the process
• What questions you should ask yourself and others as you begin planning, and more.

Part 2: Transferring Your Company to a Family Member
Practical strategies to ensure you do what’s best for your business, yet maintain harmony among family members, including how to:

• Choose the best-qualified successor for your family business
• Minimize conflict by building family consensus
• Determine the best method of transfer, including gifting, trusts and installment sales
• Understand the tax implications to all involved in transferring ownership to family members, and more.

Part 3: Leaving Your Business: Transferring Ownership Outside Your Family

Leading experts explain the differing strategies and practical considerations to evaluate in transferring ownership of your company to non-family members, including:

• Selling to a cofounder or partner
• Going public
• Selling to employees
• Franchising, licensing or joint ventures, and
• Tax implications of various methods of transfer.

http://online.krm.com/iebms/coe/coe_p2_details.aspx?oc=10&cc=0012266p&eventid=12620

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