An Owner's Guide to Business Succession Planning

ISBN-10
0933522266
ISBN-13
9780933522268
Category
Family-owned business enterprises
Pages
64
Language
English
Published
2008
Publisher
Ohio Employee Ownership Center Kent State University
Authors
Alex Teodosio, Stephen Clifford

Description

An Owner's Guide to Business Succession Planning is a basic roadmap to assist owners of small and medium-sized businesses as they begin to plan for ownership and management succession. It offers a simple, six-step process that insures that the owner's goals shape the actions taken and the plan¿s outcome. The process also includes taking other stakeholders' interests into consideration, evaluating management, testing various scenarios, understanding the options available and implementing the plan. It reviews the common strategies and tools for succession planning, including valuing the business, keeping it in the family, buy-sell agreements, gifting of shares, trusts, management buyouts, sale to employees, selling to an outsider and liquidation. An Owner's Guide also includes: a) a bibliography, b) succession planning worksheets which help the reader compile and organize information before and during the process, and c) a video in DVD format which is conveniently presented in seven succession planning subject segments and includes interviews with owners/employees of companies in transition.

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