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Exit Planning, Is Your Business Ready?
October 11, 2018 @ 2:30 pm - 4:00 pm
Venue: Cavalier Golf & Yacht Club
Location: 1052 Cardinal Road,Virginia Beach, United States of America View on Google Map
Hosted By: Mandy Montalvo
Type of Event: Learning
Event Contact: Mandy Montalvo
Member: No price
Guest – $50.00
Many business owners are so involved in running their businesses, they do not take a step back to consider whether their business is truly an asset. For most small business owners, their business value comprises 80-85% of their personal net worth. With the individual’s net worth dependent upon his/her business, it is important that the business owners protect their business value from unforeseen risks.
Join us as our Strategic Alliance Partner, Wolcott Rivers Gates, presents Exit Planning. We will discuss considerations for the business owner on how to minimize the effect on the business, its customers, its employees and other stakeholders, caused by the death or disability of the owner.
Business owners need to consider how to protect the value that they are creating so that when they are ready to exit the business, the business value is at an optimal state. More importantly, if there is an unsolicited offer to purchase the business, the business value is already at an optimal level. Exit planning is necessary even if the business owner is not planning on exiting the business in the near future. We will discuss exit and succession planning and how considering exit planning and creating transferrable value now protects the business from potential risks.