When it comes to preparing to sell a family business, almost every family has the same types of questions: What is the first step that should be taken? What can be done over the next 1 or 2 years to increase the value of the business? What kinds of documents should be prepared? How long will all this take? How can I save taxes?
These are important questions, but there is no one set answer for everyone. When it comes to designing a blueprint to help an owner sell their company, either to their children or to someone else, there are several items that should be analyzed and discussed. In this talk, Mr. Pittsford will cover six important financial concerns that all business owners have and more.
Attendees will:
- Learn the six critical items to analyze before selling.
- Receive transition ideas for various exit scenarios.
- Review retirement income ideas.
- Review tax savings possibilities.
- Understand the different types of legal documents needed for a business sale transaction and what they should cover.
This session is a must for business owners who are considering selling in the next 3 to 5 years.