Training Event Details:

Center: Onondaga SBDC

Succession Planning for Small Business

10/9/2018 - 10/9/2018  9:00 AM - 11:00 AM
Mulroy Hall
4926 Onondaga Rd.
Syracuse, NY 13215
In a closely held business, it is common for the assets of the business to make up most of the owners' estate. Although the objective of a family may be to perpetuate operations for as long as family members wish, outside pressures weigh heavily on the ability to do so. Estate and income taxes, dealing with children involved in the business and not involved in the business, retirement issues, land value issues, long-term care issues, commodity and input prices, etc… all add to the complexity of putting together a plan that can withstand these outside pressures and result in a successful multi-generational plan.

Introduction
1. Business Objective & Purposes

Succession Planning Strategies
1. Senior Generation
2. Junior Generation
3. Agreements: Buy/Sell, Management, Prenuptial/Postnuptial
4. Estate Planning: Will, POA, Proxy, Trust
5. Operating/Retirement Agreements: Deferred Compensation Wage Continuation Agreements


Click Here to register
Phone:  (315) 498-6070
sbdc@sunyocc.edu



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Language assistance services are available for limited English proficient individuals. Special arrangements for persons with disabilities can be made by calling the SBDC at least two weeks in advance.