2018 Spring Dealer Market

Succession Planning - Creating a Path (Room Orgill Learning Center)

22 Feb 18
1:30 PM - 2:00 PM

Tracks: General Session, Retail Services Clinic

Creating a path for selling your company requires that a lot of ideas to come together. In this session we will talk primarily about the financial items that will need to be reviewed in preparation for a company sale. You want the information that you provide to a potential buyer to be accurate, but also it needs to present your company in the most favorable position possible. Buyers will want to know details about your employees, so having them well trained for their specific position is very important. It is essential to review the potential income taxes from the sale of your company. Selling inside or outside the family can affect how taxes are managed and possibly be reduced. Tax law changes are on the horizon in 2018 and we will discuss some of the provisions that may be helpful to your business.

Attendees will:

  • Understand the information that is needed to provide to a potential buyer, which may increase the value of the business
  • Learn about future retirement income strategies for after the sale
  • Understand how the new tax law may affect them and their business