After the Baby Boomers: Keys to Family Business Succession - 2016
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About the Program
Who should watch:
- Business lawyers
- Civil litigators
- Estate planners
- Solo/small firm lawyers
- Tax law attorneys
- General practitioners
How you’ll benefit:
- Get advice for building a strong business governance structure
- Discover how to determine an accurate business valuation
- Learn how to draft a business continuation plan
- Find out how to fund a business owner’s exit
- Explore buy-sell agreements for a family business
Learn succession skills
Roughly 80% of today’s businesses are owned and operated by families – often over multiple generations. So how does one generation pass the business on to the next?
After the Baby Boomers: Keys to Family Business Succession guides you in helping your clients smoothly transition the ownership of their companies while avoiding conflict and costly litigation. Plus, hear entertaining real-world examples of businesses that effectively tackled succession challenges and other businesses that didn’t.
Business succession basics
Smart succession planning starts with the five core components you’ll explore at After the Baby Boomers.
Governance: Laying the right foundation paves the way for the exit of the business's principal and the entrance of a new owner. Find tips for drafting a good governance plan that enables your clients to run their operations and solve their disputes without conflict.
Valuation: Discover the value of valuations and how having accurate information about a business’s value can help avoid conflict and assist in transition.
Continuation: What are your client’s succession and interim management strategies if the principal leaves or dies unexpectedly and the kids aren't ready to run a business? Discover concrete strategies for conducting risk analysis and creating contingency plans.
Funding: How can a business afford to buy out a partner while still pursuing its growth objectives? Find out how a diversified approach to financing can provide enough money to buy out a partner while maintaining operating cash.
Agreements: Hear a dynamic panel discussion about buy-sell agreements from the perspectives of advisors and business owners. Get colorful commentary on important draft provisions and how to navigate agreement terms smoothly.
Pave the way for success
Help your family-owned business clients be prepared for whatever the future brings. Equip yourself with essential succession planning tools at After the Baby Boomers.