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70% of family businesses do NOT pass successfully to the second generation   Join your fellow business owners at: GAAM Wealth Advisors Inc. 6 Sheridan Square #200, Kingsport, TN 37660   At some point each of us will need to plan the succession of our business. We can either do so by reacting to circumstances beyond our control, which may result in a loss of value to the business, or though a Succession Plan to preserve the value and place our business where we want it to be.


What we will discuss:

Set your Succession Goals
· When? How much longer do you want to run the business yourself? Is there a trigger event such as when you want to retire or when a successor such as a child will be old enough or trained well enough to take over?
· What’s next for you? Will you exit the business or remain involved?
· How Much? How much value will you need to realize at the sale or transition of the business to live the life style you would like?
· Who? Will you sell the business or turn it over to a family member or key employee?

Build a Succession Team:

Planning the succession of a business involves input from a variety of disciplines such as Business Planning, Accounting Services, Financial Planning, Insurance, Attorneys, and others. We will discuss each of these areas and discuss regional companies available to provide you with these services.

Prepare your Plan:

We will discuss what to incorporate in your Succession Plan such as how to prepare your business with a higher value that becomes transferable to your chosen successor. It is not simply the value of the business that should be considered but rather that portion that is of value to the your successors. The more transferable the value the higher the price you will receive for your business.

Contact us today by clicking RESERVE SEATS as there will be limited availability.

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