West Michigan
CHAPTER
*FACE TO FACE MEETINGS SUSPENDED UNTIL AUG 1*
The West Michigan Chapter of the Exit Planning Institute is a group of local advisors dedicated to changing the outcome for middle market owners looking to grow, transition, or exit their businesses.
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.
National State of Owner Readiness™
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?
Upcoming Virtual Chapter Events
The Value of Expense Reduction for Organizations
Attend this session to learn about how reducing expenses can add to the overall value of a business when planning for exit.
Leveraging SBA Loans as an Exit Planning Strategy
SBA financing programs vary depending on a borrower’s needs, learn to simply navigate a complex process to specific destinations.
Virtual Happy
Hour
Pour yourself a drink and log on to the call! Stay connected virtually until we can meet face-to-face again.
Buy/Sell Agreements: Exit
Strategies and More
Attend this session to gain insights on how to structure buy-sell agreements among owners of closely held businesses.
Upcoming Chapter Events
Executive
Compensation
We know it is a challenge to attract and retain top talent. You won’t want to miss this panel of industry experts discuss executive compensation and key considerations.
From Growth
to Transition
Growing your leadership team is important for your transition, but it is not the only aspect to focus on. Attend this session to learn how to prepare for transition.
Important Legal Considerations in Sale of a Business
Many business owners as they transition will consider selling their business as an exit option. Learn about the critical legal considerations they need to consider.
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