Navigating the Personal Planning Process in Preparation for Business Transition. Moderated by Frieda Rakhan from Fifth Third.

While it may seem like the last box to check, personal preparation well in advance of a transition can optimize financial and business outcomes. That remains true whether the transition involves a sale to an outside buyer, passing to the next generation of family, or selling to employees. Business owners owe it to themselves, their family, employees, and customers to plan ahead. Yet, many owners find themselves not knowing how to carry out exiting their business, because the process seems overwhelming, and they simply don’t know where to begin.

Business transition planning is a process, not an event.  It’s simply good business strategy, and with it, owners can make the most of their life’s work.

Questions to be discussed:

• What is business transition planning?
• How soon should business owners start planning?
• Regardless of where owners are in the process, what should they consider today?
• How has the sheer volume of tax reform proposals in 2021 impacted the planning process?