Orgill Spring Dealer Market 2019

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

22 Feb 19
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 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 it also needs to present your company in the most favorable light possible. Buyers will want to know details about your employees, so having them well trained for their specific positions is very important. It is essential to review potential income taxes from the sale of your company, and to understand that selling inside or outside the family can impact how taxes are managed and possibly reduced. We will also discuss the 2018 tax law changes and how some of the provisions may affect you and 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 2018 tax law may affect them and their business.