You’ve spent your whole life building your business. Thinking about the succession and transition of your business is difficult, but important. There are several things to consider when transitioning your business, including management, ownership, entity structuring, and whether or not you’re ready. All these factors play a key role in succession planning for a business.
In this session, we’ll talk about the value of having a succession plan long before you must implement it, discuss the process and what you can do to prepare and operate with the end in mind.
- Theorize the top considerations during succession planning.
- Explore options to sell to strategic buyers or private equity groups.
- Identify what you should be doing now to ensure future success.
Brad Kelley, Principal-in-Charge of Financial Services | Eide Bailly Financial Services, LLC
Brad’s leadership of Eide Bailly Financial Services spans over a decade. As Principal-in-Charge of Financial Services, Brad has cultivated a team of investment advisors managing over $1.3 billion in assets. Brad’s passion is providing skilled guidance to his clients using an integrated approach to holistic wealth planning. He provides specialized solutions for in-depth and sophisticated situations for high-net-worth individual and business clients in the areas of financial planning, investment management/advisory services and insurance strategies. Brad ensures that an experienced team of professionals is in place to handle the complex needs for a variety of clients.
Erica Bjerrum, CPA, ABV, Senior Manager | Eide Bailly
Erica has been with the firm since 2010. She specializes in performing business valuation services for estate and gift tax purposes, litigation, and transacting businesses. Erica performs financial projections and forecasts and strategic planning for a variety of clients and industries.
Kristin Taffe, CPA, ABV, Business Valuation Senior Manager | Eide Bailly
Kristin has been with Eide Bailly since 2008, primarily in the business valuation space. In this role, she performs valuations for compliance and transaction purposes, specializing in valuations in the healthcare industry. Kristin also performs consulting services for small business, including transaction consulting and the development of financial models, feasibility studies, and sensitivity analysis modeling. Kristin loves the process of helping clients into the next stage of life. Whether it is transitioning wealth to the next generation, advising in a sale or helping clients put strategic ideas into numbers, she appreciates the opportunity to work with clients during periods of change.
CPE Credit: 1
Field of Study: Business Management and Organization
Level of Knowledge: Overview
Delivery Method: Group-Internet Based
Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding a complaint and/or program cancellation policies, please contact Amy DeGeorge.