Family-Owned Business Succession and Planning

Designed for Business Owners, CFOs, Controllers, CPAs, Internal Auditors, Management Accountants

One Day Program -- 8 CPE Credits

Description

Family-owned businesses face serious challenges in successfully passing the reins to family members. Succession planning is not handled well by most business owners. Only one in seven family businesses survive the second generation. This program provides the process for establishing succession goals and evaluating options. Management team building is explained together with development of management goals and objectives. The strategic process of evaluating the future direction of the company is provided and explained. Additionally, the secrets of effective leadership and team building are revealed. Family dynamics and ownership issues are thorny areas and requires the techniques of open communication provided by this program. The program evaluates the possible ranges of transition options and shows you how to link them with the succession process. Learn how to create boards as a balance point between ownership and management. Finally, the program highlights the key estate planning strategies that will be a component of the succession plan. 

Objectives

  • Learn the steps and processes for establishing succession goals and options.
  • Understand the methodology for management team building and how it links to succession planning and the distinction between ownership and management.
  • Grasp and comprehend the steps for creating a strategic vision for the family-owned business.
  • Review and learn the components of building a leadership team.
  • Learn about the dynamics of the family and ownership issues.
  • Understand the elements of identifying transition options.
  • Grasp how boards of directors play a critical role in providing balance between owners and management.
  • Review the basic components of estate planning strategies.

Agenda

  • Succession Goals and Options
  • Management Team Building
  • The Strategic Process
  • Leadership and Team Building
  • Family Dynamics - Ownership Issues
  • Transition Options
  • Boards and Balance
  • Estate Planning Strategies

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Download Family-Owned Business Succession and Transition 

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