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Succession Planning: A Case Study on the Added Value of Starting Your Exit Plan Now

September 18, 2024 3:30 PM - 5:00 PM (EDT)

Description

Succession planning is an important yet often deferred component of business’ strategic plan.   Many business owners mistakenly associate succession planning with imminent retirement or immediate sale of the business.  While this is often the case, it shouldn’t be. The reality is starting the succession planning process early can provide owners significant advantages that expand options, flexibility and likely increase value for the future.

To help Ingham County businesses, LEAP and Ingham County are partnering with Foster Swift Collins & Smith, PC and Transworld Business Advisor to offer a unique seminar: 

Succession Planning:  A Case Study on the Added Value of Starting Your Transition Plan Now

This practical “live” session focuses on a fictional company where attendees will get perspective on understanding the challenges, the opportunities, and the processes for developing a succession plan that is best for his or her business.  Participants will have ample opportunities to ask questions.

Topics covered include:

  • Assembling your team of trusted advisors and how to maximize their value
  • Evaluating current operations and issue spotting
  • Business Valuation
  • Term Sheets
  • The role of communication throughout the process

Presenters:

  • J.V. Anderton, Foster Swift Collins & Smith, PC
  • Amanda Dernovshek, Foster Swift Collins & Smith, PC
  • Taylor Gast, Foster Swift Collins & Smith, PC
  • Jessica Starks, Transworld Business Advisors

Location

Lansing Regional Chamber of Commerce (LRCC)

The Lansing Regional Chamber of Commerce is located on the second floor of the Stadium District Building at 500 E. Michigan Ave., Ste 200, Lansing, MI 48912. Free parking is available behind the building, accessible via Cedar and Larch St.

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Contact Information

Name: Kimberly Hafley
Phone: (517) 371-8112
Email: khafley@fosterswift.com
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