In this session, Jennifer Lang, Owner and President of the Minneapolis Glass Company will share her experiences with all of you. She will help you to identify the “financial preparations” required including retirement income needs analysis, valuation considerations and the parent’s philanthropic interests and discover the transition methods most commonly utilized including sale, gift and/or some combination (discussion of a “back up” plan to be included). You will also explore the “emotional preparedness” required including operational insignificance, mentoring, performance assessments, open communication and consideration of life after the business. Finally, you will learn to identify the “Advisory Team Members” and required expertise needed to facilitate a smooth transition from one generation to the next. And when planning should commence.
- Identify the Financial Preparations.
- Discover the Transition methods
- Explore the Emotional Preparedness
- Identify the Team Members to help with the transition.
Meet the Presenter
Thank you to our sponsoring firms:
This meeting will be held at the Minnesota Society of CPAs.
Address: 1650 W 82nd St # 600, Bloomington, MN 55431