Succession Planning For Small Business:  Future Ownership and Leadership of Your Closely Held Business

Small business owners, as well as family and business associates, need assurance that there is a plan for the future of the business. This is particularly true if family members will succeed in owning and operating the company when the founders move on.  Waiting too long to discuss, establish and communicate a plan for the future can result in not only disastrous tax and cash flow issues, but also issues related to retirement, insurance, liquidity and future investment. This webinar will provide an overview of all the questions and issues you need to know to select the right strategy to ensure smooth succession of your business.

Key Take-Aways:

Learn the difference between:

  • Planned vs. Unplanned Succession
  • Active vs. Passive Investment
  • Fair vs. Equal Treatment of second and third generations working in the business and those not active in the business
  • Learn how NOT to enter retirement
  • Whether you should sell and who the best prospects are
  • Strategies for generational transfer of and financing for the business

Download the Presentation

About the presenters:
Keith ClarkKeith A. Clark is Chairman of Shumaker Williams, P.C.  a regional law firm with offices in Pennsylvania and Maryland.  He joined the Firm in 1969, and has managed the Firm since 1972. He is a member of the Corporate and Financial Services Department. Mr. Clark has concentrated his legal practice on business and corporate law including tax, estate, and business planning, governance issues, and financial services, and has represented many closely held businesses in a myriad of industries. Mr. Clark has written over 100 articles for various professional and trade association journals and has lectured on strategic and succession planning to individual business owners, boards of directors and state trade association audiences.

Richard HarperRichard E. Harper is the principal of R.E. Harper Associates, an independent financial consulting firm in Harrisburg, Pennsylvania offering nationwide comprehensive services and dedicated to helping families, businesses, and individuals achieve and maintain their financial goals.  Rich’s business focuses on developing customized strategies to help owners of midsize and large businesses plan for the transfer of their business interests and estates. He generally operates in a team environment which includes the legal, tax and business advisors a client is already utilizing, while potentially enhancing that team with specialists with whom Rich has developed strategic alliances.

Wednesday, October 6 at 12 PM ET (9 AM PT)
Presented by:  Keith A. Clark, Esquire, Shumaker Williams, PC. and
Richard E. Harper, R.E. Harper Associates, LLC.
Content Level: Beginner/Intermediate

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