San Antonio SCORE Event - Simple Steps to Exiting Your Business - Part 3 Estate Planning - C0164 

Business owners must develop a strategy to secure their future and the future of their business.  This program focuses on the tactical steps to take now to create a plan for exiting the business smoothly --- retirement, passing it on to the children, selling, or other options. 

This is a “call-to-action” for business owners to develop a plan for exiting their business or assess the current plan they have to ensure their future success.  There are three chapters: 

1. Succession Planning --- Help entrepreneurs understand the steps to planning for the eventual transfer of the business. This includes knowing the value of the business, choosing and preparing the appropriate successor, and having it all in writing. Owners should be prepared for a variety of business exit strategies --- both voluntary and involuntary. Feb. 17th 

 2. Retirement Planning --- Determine the next steps for the business and the business’ worth; and start focusing on the next steps in their own lives. Discuss issues that arise when you are not running the business; and other options to save and provide for your retirement. Feb. 24th 

3. Estate Planning --- Ultimately, this workshop will discuss 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! Mar. 3rd

The statistics on businesses surviving through multiple generations are staggering. Just making it through the second generation is a milestone event for a business.  You should plan for the next stage for your business, for yourself, and for generations to come.

This is a 3-part series and the below link is to register for Part 3 on Estate Planning; there is a $10 fee for each part payable at the time of registration through the link below.