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Family Business Transitions, Strategies & Tactics
November 16, 2016 @ 7:30 am - 10:00 am$20
Every business owner reaches the point where they are ready to retire. For those with family involved in the business, they must consider how to transition the business to the next generation.
This is something that should be well thought through years before it is time to implement a succession plan. It is not easy and it is should not be a game of favorites.
There are a number of technical considerations, such as tax and financing considerations. But there are also other issues to consider, including ownership versus management (they are different), how to prepare the next generation, what is best for the business and what is best for the family.
• Barry Crozier, CPA, CGMA, Belfint Lyons Shuman certified public accountants
• John Goodman, Creative Financial Group
• Margaret Hinton, President Delaware Brick and third generation
• Margo Reign, MBA, Business Advisor; Banking and Family Business Specialist