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DTSTART:20230516T200000Z
DTEND:20230516T220000Z
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SUMMARY:Exit Planning & The Future of Family Business
DESCRIPTION:We are holding small events throughout the year to celebrate our 25th Anniversary. Please join our friends at Porter Wright for a rooftop happy hour reception and a discussion on exit planning and what future trends in family business might look like. Please feel free to register  a guest.\n\n\n\nI.          Introduction Family Business Trends for the Future\n\n \n\n            A.        Economic volatility how will you change with the economy?\n\n                         1.         Inflation\n\n                        2.         Labor talent scarcity\n\n            B.        Digitalization and cybersecurity/Embrace new technology\n\n            C.        Trust and profitability\n\n            D.        Succession and wealth transfer\n\n \n\nII.        Why do Reports on Family Business Trends Focus on Succession Planning?\n\n \n\n            A.        Transition is inevitable.. How will you plan for it?\n\n                         1.  Bright Star Capital Partners Report:  61% have no plan!\n\n             B.        Transition creates potential for family conflicts and opportunity\n\n                         1.         What are the goals? \n\n                                               Maintain the business/tradition/culture\n\n                                                Transfer wealth in a tax-efficient manner \n\n                        2.         Who are the stakeholders?\n\n                                                Business owner and spouse\n\n                                                Family members inside and outside of business\n\n                                                   Key employees\n\n                                                  Community\n\nIII.       Types of Transitions\n\n             A.        Company stays in the family\n\n             B.        Third party exits\n\n             C.        Internal (employee-driven) exits\n\n \n\nIV.       Current M&A Market Landscape\n\n \n\nV.        Third Party Exits\n\n            A.        Strategic buyer\n\n            B.        Private equity\n\n \n\nVI.       Internal (Employee) Succession\n\n            A.        Buyout\n\n            B.        ESOP\n\n \n\nVII.     Next Steps\n\n            A.        Identify your goals and desires.  Talk to key constituencies about these goals to anticipate any concerns or conflicts early.\n\n            B.        Educate yourself about strategic alternatives to determine which one best accomplishes your goals.\n\n            C.        Develop a roadmap and timeline for your transition.\n\n            D.        Implement the process.\n\n            E.         Trusted advisors can help with each of the prior steps!
X-ALT-DESC;FMTTYPE=text/html:<span style="font-size:16px\;">We are holding small events throughout the year to celebrate our 25th Anniversary. Please join our friends at Porter Wright for a rooftop&nbsp\;happy hour reception and a discussion&nbsp\;on exit planning and what future trends in family business might look like. Please feel free to register&nbsp\; a guest.</span><br />\n<br />\n<strong>I.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Introduction&mdash\;Family Business Trends for the Future</strong><br />\n&nbsp\;<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; A.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Economic volatility&mdash\;how will you change with the economy?<br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; 1.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Inflation<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; 2.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Labor talent scarcity<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; B.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Digitalization and cybersecurity/Embrace new technology<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; C.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Trust and profitability<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; D.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Succession and wealth transfer<br />\n&nbsp\;<br />\n<strong>II.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Why do Reports on Family Business Trends Focus on Succession Planning?</strong><br />\n&nbsp\;<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; A.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Transition is inevitable.. How will you plan for it?<br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; 1.&nbsp\; Bright Star Capital Partners Report:&nbsp\; 61% have no plan!<br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; B.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Transition creates potential for family conflicts and opportunity<br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; 1.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; What are the goals?&nbsp\;<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Maintain the business/tradition/culture<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Transfer wealth in a tax-efficient manner&nbsp\;<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; 2.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Who are the stakeholders?<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Business owner and spouse<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Family members inside and outside of business<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; &nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Key employees<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Community<br />\n<strong>III.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Types of Transitions</strong><br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; A.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Company stays in the family<br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; B.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Third party exits<br />\n&nbsp\;&nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; &nbsp\; C.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Internal (employee-driven) exits<br />\n&nbsp\;<br />\n<strong>IV.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Current M&amp\;A Market Landscape</strong><br />\n&nbsp\;<br />\n<strong>V.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Third Party Exits</strong><br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; A.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Strategic buyer<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; B.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Private equity<br />\n&nbsp\;<br />\n<strong>VI.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Internal (Employee) Succession</strong><br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; A.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Buyout<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; B.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; ESOP<br />\n&nbsp\;<br />\n<strong>VII.&nbsp\;&nbsp\;&nbsp\;&nbsp\; Next Steps</strong><br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; A.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Identify your goals and desires.&nbsp\; Talk to key constituencies about these goals to anticipate any concerns or conflicts early.<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; B.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Educate yourself about strategic alternatives to determine which one best accomplishes your goals.<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; C.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Develop a roadmap and timeline for your transition.<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; D.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Implement the process.<br />\n&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; E.&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\; Trusted advisors can help with each of the prior steps!<br />\n&nbsp\;
LOCATION:The Horizon - Huntington Center 41 S. High St\, 36th Floor Columbus\, OH 43215 Complimentary and wheelchair accessible parking available in the Huntington Center Garage. Directions from parking garage: Take elevators that are on your left as you enter the garage Proceed to floor 5 Exit the elevator and proceed through revolving door You are now on floor 2 of the Huntington Center Continue straight until you arrive at the gold reception desk Check-in at the gold reception desk and a security officer will escort you to the elevator bank The security officer will direct you to an elevator that will take you to the 33rd floor where Porter Wright staff will greet you
UID:e.9081.7356
SEQUENCE:3
DTSTAMP:20260505T081357Z
URL:http://conwayfamilybusiness.memberzone.com/events/details/exit-planning-the-future-of-family-business-7356
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