LBM068: Fundamentals of a Well Planned Succession Plan
This seminar provides a basic understanding of the fundamentals involved in a well planned succession plan and how it can lead to a better transition from one proprietor to the next.
The seminar will focus on;
* Basic ways of transferring a business within family, senior management or third party purchasers.
* Partnership agreements and what the best agreements must contain.
* Analyzing the next generation's or senior managements purchasers.
* Identify potential conflict and all of the soft skills required to guide families through this often turbulent life cycle.
Cases studies will be discussed and participants will be invited to include their own personal experiences leading to a spirited discussion. There will be high level discussion around best practices for tax planning, and methods to fund succession.
Attendees will leave with a much clearer understanding of their own family dynamics as it relates to the business and how it overlaps with the personal side of the family too. We will analyze how those family members NOT in the business will be included in the discussion and contribute to greater success in the business. Further discussion on non family transfers will be welcome.
NOTE: This will not be a financial seminar but will focus on the "on ramp" portion of how effective succession is addressed, often revolving around the more difficult discussions
LO member price: $137.50
Non-member price: $264.00
Maximum participants: 20
Location: Landscape Ontario, 7856 5th Line S., Milton
Instructor: Phil Kriszenfeld, Transitions Meditation and Consulting Group
Date: Tuesday November 12, 2019 9:00 am - 3:30 pm
Seminars main menuThis seminar provides a basic understanding of the fundamentals involved in a well planned succession plan and how it can lead to a better transition from one proprietor to the next.
The seminar will focus on;
* Basic ways of transferring a business within family, senior management or third party purchasers.
* Partnership agreements and what the best agreements must contain.
* Analyzing the next generation's or senior managements purchasers.
* Identify potential conflict and all of the soft skills required to guide families through this often turbulent life cycle.
Cases studies will be discussed and participants will be invited to include their own personal experiences leading to a spirited discussion. There will be high level discussion around best practices for tax planning, and methods to fund succession.
Attendees will leave with a much clearer understanding of their own family dynamics as it relates to the business and how it overlaps with the personal side of the family too. We will analyze how those family members NOT in the business will be included in the discussion and contribute to greater success in the business. Further discussion on non family transfers will be welcome.
NOTE: This will not be a financial seminar but will focus on the "on ramp" portion of how effective succession is addressed, often revolving around the more difficult discussions
LO member price: $137.50
Non-member price: $264.00
Maximum participants: 20
Location: Landscape Ontario, 7856 5th Line S., Milton
Instructor: Phil Kriszenfeld, Transitions Meditation and Consulting Group
Date: Tuesday November 12, 2019 9:00 am - 3:30 pm