NECA 2016 Boston

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PW - 3: Cashing Out and Moving On (Room 156C)

07 Oct 16
8:00 AM - 12:00 PM

Tracks: Business Management

Exiting is not an easy process and the odds are not in your favor. Approximately seventy percent of a business owner’s wealth is trapped inside their illiquid business, and in order to succeed the business and the owner must both be prepared to successfully transfer the business. This program takes a look into critical skills needed for owners to cash out, replace themselves, or retire without reducing their present lifestyles. Common confusions between a business exit and a business succession, ways to control and visualize the process of transferring and monetizing your business, and case studies comparing tax reduction strategies will be discussed.