Successful Business Transitions
This seminar brings together experts who have worked with thousands of families to help them implement their best choices for what should happen in the case of death, disability, retirement (voluntary or forced), or resignation of family business owners and key members of their management teams.
Which of these situations match yours?
- I’ve had fun building this business, but I need a new challenge
- This business is my baby, but I’m ready to pass it along to younger family members
- My family doesn’t want to run my company but I’ve found someone who does
- I could help an employee or employees to take over if we had the funding to cash me out
- My health isn’t what it was and I want to cash out before I can’t run things any more
- The business could grow a lot if we had a corporate sponsor or other capital source
Good news! Planning for a change of management or ownership is the best way to avoid financial loss and family crises. Once you’ve identified what you want to do, you can work to make that happen in a way that maintains your corporate legacy, whether by transferring ownership to a new generation of the family, or to employee and partner candidates, or to an outside capital source.
The registration fee is $65, but use promo code UI-alum and get 30% off when you register for the May 15, 2018, Successful Business Transitions seminar at the IIT Rice Campus, Wheaton IL, organized by Bill Price of GrowthLaw and cosponsored by the University of Illinois-Suburban Illini Club and the College of DuPage Center For Entrepreneurship.
Use promocode UIBUSINESS to get 30% off and register for only $45! Register now to get your:
- Free review of transition options from Growthlaw.com
- Free business valuation and business exits book from PFS Financial Services
- Free transition checklists (legal, financial, insurance, wealth planning issues)
This seminar brings together experts who have worked with thousands of families to help them implement their best choices for what should happen in the case of death, disability, retirement (voluntary or forced), or resignation of family business owners and key members of their management teams. They’ve designed this seminar to give you tools to plan for and navigate successful and profitable ownership transitions: options for structuring the exit or transition you choose, how to value the business you’re selling or transferring to partners or heirs, how to insure sufficient cash or cash flow to pay transition costs – and a first-hand account from a CEO who will share the wisdom he gained from when he sold his engineering firm
Bill Price, the award-winning business lawyer behind Growthlaw.com, serves as outside counsel to many mid-size firms, advises on mergers and acquisitions, and helps with family business transitions. He has written books on various business entities and has chaired state bar committees on corporate and administrative law.
Mike Engelhardt, Senior Benefits Advisor, GCG, brings market knowledge from more than 20 years in the insurance industry. His client-centric service gives best in class actuarial, communications, legal and technology deliverables.
David Enquist has more than 35 years of lending experience to the small business community throughout the U.S. In the greater Chicagoland area, David is the recognized authority in the use of Small Business Administration 7(a) loan programs. He prepares structuring recommendations and financial analysis for project funding requests of all types, sizes and circumstances.
Jeff Prentice, who formed Prentice Financial Services, Inc. in 1994, started his career in the insurance and financial services industry. Jeff has a strong commitment to continued education, and specializes in assisting individuals and business owners, to help them transition out of their businesses' successfully, while ensuring their financial freedom and security.
Pedro J. Cevallos-Candau, President of Pececa Ltd., a business services consulting firm, will share what he learned from the successful sale of his engineering company.
Register now - and remember to use promo code UIBUSINESS for 30% off ($45). If you are interested in these topics but cannot attend on May 15, or you need more information, call 800.630.4780 or email Bill at firstname.lastname@example.org.