Every Family Business Needs a Transition Plan
5 Ways to Prepare Your Business for Future Generations

Thursday, November 14, 2019

Most businesses have strategic plans, but many families don’t. While every family business is unique, there are five basic ways to transition a family business to the next generation or the next owner. Hear from academic and industry experts about the options for your family business. You will create an outline (plan) that you can discuss with your family. Highlights will include:

  • Exit strategy components
  • Effective succession plan
  • Incorporating family plan into business plan
  • When to consider outside management or other options for non-family business mgmt
  • Estate and financial planning
  • Build your bench, increase business value, and future stability
Bob Zelinger, Hinkley Allen / Legal
Jeff Rich, Touchstone Advisors / Sales, Internal or External
Devar / Family Business
Eugene F. Shugrue, Liberty Bank / SEVP & Chief Lending Officer
Greg Reilly, UConn / Strategy & Planning
Kari Adamsons, UConn / Family Dynamics
Greg Lewis, SBDC / Valuation
James J. Beaulieu, Beaulieu Financial Services, LLC
Beaulieu Financial Services, LLC
Hinckley Allen
Red Thread
Touchstone Advisors