Exiting Your Business - Simple Steps 

The statistics on businesses surviving through multiple generations are not good. Just making it through the second generation is a milestone. The good news is business owners can buck these trends with proper planning. Simple Steps for Exiting Your Business, a 3 part workshop, will help business owners plan for the next stage of their business and their lives.

Part 1: Succession Planning. This section begins by helping entrepreneurs understand the steps to planning for the eventual transfer of their business, choosing and preparing the appropriate successor, and having it all in writing. At the end of this section, you should be prepared for a variety of business exit strategies – both voluntary and involuntary.

Part 2: Retirement Planning. Once business owners have determined their exit strategy and their business’ worth, they can start focusing on the next steps in their own lives. In this section, issues that arise when the business is the retirement plan are discussed and ways to save utilizing assets outside the business are identified.

Part 3: Estate Planning: This section gets into discussing multiple future planning scenarios, including the difference between estate reduction, liquidity and equalization, and the planning documents needed to leave a lasting legacy. It is never too early to start planning ahead. 

Fee: free 

Broward SCORE office hours:  Monday – Thursday from 10:00 am to 2:00 pm

About SCORE:

SCORE is a non-profit resource partner of the Small Business Administration. The Broward SCORE Chapter has been helping entrepreneurs and business men and women for over 50 years to start, develop, and expand their businesses. For more information about how we can assist you visit us at broward.score.org