Succession Planning: Raw Stories of Business Inheritance and Sales

Overview:

Adult children are inheriting the family business. Many established business owners want to pass on the business to their children like previous generations did. Today it takes more than a signed handwritten note or simply stepping out and having someone change the owner’s name. There are necessary steps to take to help establish a solid retirement for the original owner and set the new owner up for success.

Listen as second-generation business owner Anne Marie Labenberg gives her real-life story of how the inheritance/sale of the family business affected her life. The session is sure to be beautiful, relatable, and impactful.

Certified Financial Planner™ Sydney Cale, leads this first of a four-part series providing financial guidance to answer these questions (and more).

What You’ll Learn:

• What happens to your business if something happens to you?
• How often should you review your estate documents?
• What provisions should business owners include in those documents?
• What are your options for buying/selling a business?
• When should vital shareholders be brought on for growth and legacy planning?
• When is the best time for a business owner to think through these details? (It’s never too early!)

Where: The Northeast Indiana Innovation Center

When: March 3, 2022 8:00am-9:30am

Trainer: Sydney Cale, CFP®, MBA of SYM Financial Advisors