Transitioning Your Family Business: Succession Planning Tips to Think About Now!

Date and Time
Wednesday Oct 18, 2023
10:00 AM - 11:00 AM CDT
Location
Zoom link will be shared upon registration.

Description
Regardless of industry, size or line of business, all business owners must someday transition their business. Yet, many studies find that about 75% of family businesses do not have a succession plan in place. No matter who the next owner of your business may be or when you plan to exit, transitioning is a major process that requires time and effort. It's a series of choices, assessments, and reassessments that can influence the way you run your business. Hear directly from Eide Bailly's transaction advisers as they talk about how to prepare for sale in the current market—even if you're not intending to sell.
Webinar topics include:
• The decision-making process
• How to choose your transition plan
• Current industry multiples
• The concept of business valuation and gifting
• The outlook for a down market and options for transition
Presented by:
- Matt Labernik - Partner, Transaction Advisory Services at Eide Bailly LLP
- Erica Bjerrum - Partner at Eide Bailly LLP
- Amber Ferrie - Partner, Transaction Advisory Practice Leader at Eide Bailly LLP
- Kristin Taffe - Business Valuation Senior Manager at Eide Bailly LLP