Chapter Purpose: The purpose of the EPI West Michigan Chapter is to create a forum where the local community of professional advisors can collaborate to address unique needs of the local community; develop educational programs for business owners and professional advisors to build awareness and better prepare an owner for the successful exit of their business; develop, encourage and foster the adoption of best practices for the exit planning profession; and promote the common business interests of those business advisors engaged in the profession of exit planning.
Recent studies show that 66% of the current American business market is owned by Baby Boomers, who are set to transition over the next zero to ten years. Statistics also show that only 20% – 30% of businesses that go to market actually sell; leaving up to 80% of those without solid options to harvest their wealth and ensure economic continuity into the next generation. An owner who is “ready” with an attractive business greatly increases the odds that the business will survive a transition of hands. The question is, how ready is the national marketplace to succeed?
Attend this session to gain insights on how to structure buy-sell agreements among owners of closely held businesses.
We know it is a challenge to attract and retain top talent. Don't miss this panel discussion on executive compensation.
Learn about preparing yourself, as well as your leadership team, for the next chapter in life upon exit.
Leveraging SBA Loans as an Exit Planning Strategy with Mark Davis, SBA Business Development Officer, First Business Bank.
Watch the Social Event and hear from Randy Rua, CEPA, CBA, Vice President, NuVescor M&A, about the impact of COVID-19.
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