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Leaving Your Business Series - Kiplinger

14 June 2007 No Comment

Leaving Your Business Series – presented by John Hrastar

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.


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