The Transfer of Ownership of a Family
Business to the Next Generation

TWIN CITIES METRO AREA CHAPTER EVENT

SaveSave

The Transfer of Ownership of a Family Business to the Next Generation


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. 

Learning Objectives:

  • 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

SaveSave

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPITwinCities.org.

About the Presenter


Jennifer Lang

Jennifer Lang

President of the Minneapolis Glass Company

Meet Jennifer Lang:

Jennifer Lang, Minneapolis Glass Company’s owner and president, was featured in Minnesota Business as one of their 2017 Women Who Lead. We are a local, family-owned business that is proud to be a certified woman-owned company and union glazing contractor. Read more here: http://bit.ly/2pj2uMk


Continuing Education


This meeting qualifies for the following continuing education credits:

One (1) CPE hour

NOTE: Proper documentation must be collected and submitted to qualify for continuing education. For questions regarding awarded continuing education credits, please contact Josh Koza at JKoza@Exit-Planning-Institute.org.