Family Business Summit: How to Succeed During Uncertain Times
Contact us at (425) 438-1146 for information on this event.
Family-owned and closely-held businesses endure or die out depending on how effectively they plan for the future. Do you have a succession plan in place to ensure future success of your business? Do you know all the factors that go into developing a successful business transition plan?
This family business summit from Impact Washington will cover issues faced by today’s family business owners and will teach participants how to prepare for a successful future.
The morning session will cover six practical steps a family-owned or closely-held business can take to increase success, trust, harmony and productivity:
- Organizational Planning
- Strategic Planning
- Succession Planning
- Financial Planning
- Advisory Board Development
- Exit Strategy Development
The afternoon session will discuss how to design and implement a successful business transition plan – the concepts, strategies and techniques, including:
- Choice of Business Entity
- Succession Options and Ownership Transfer Techniques
- Governance and Management Options
- Estate and Tax Planning Options and Strategies
- Estate Equalization Techniques (how to treat children equally)
- Income and Standard of Living Maintenance
Challenging economic times can cause confusion and concern about how to manage effectively and insure the sustainability of the company. Discover how family-owned and closely-held businesses can capitalize on their flexibility and responsiveness to weather the current economic storm.
The morning session is led by Lisë Stewart, managing partner of Galliard Group, a Boise (Idaho)-based consulting firm specializing in the issues facing family-owned and closely-held businesses.
The afternoon session is led by William C. Dudley, an attorney with the Vancouver law firm Landerholm, Memovich, Lansverk & Whitesides, P.S. Bill’s practice emphasizes business and corporate law, business taxation and estate planning for business owners. A major portion of the practice focuses on the formation of business entitites, business planning and the acquisition and sale of businesses. Planning for businesses often involves financial planning and strategies for structuring the business for transfer to family members.