| MCLE Credit: | 1.5 (Ethics: 0.0) |
| Live-Interactive Credit: | 0.0 |
| Price: | $119 (Includes a downloadable audio version.) |
| Viewable Through: | 08/31/2024 |
$119.00 (or 1.5 Bundle Credits)
A pre-recorded streaming VIDEO replay of one session from the September 2021 live seminar, 47th Annual Advanced Business Law Conference 2021: Back to Business as Unusual—Legal Issues Impacting Businesses in 2021 (That Have Nothing to Do with COVID-19)
Cosponsored with the Business Law Section of the Virginia State Bar
“Business succession” planning used to be the purview of tax, estate planning, and family business lawyers, with the help of insurance, ESOP, and other consultants. The focus was often on tax-efficient preservation of ownership and management control of the business. Today, “exit planning” consultants and a constantly changing M&A environment are encouraging business owners to consider outside capital, possibly a company sale, and a variety of options in between. This session provides a framework for developing a business succession plan in a dynamic business environment. The presenters share their experience and insights that, while ownership and management continuity are important, an effective and flexible business succession plan should be designed to enhance company value, encourage a periodic review of all strategic options, and build in the flexibility to pursue the right strategic options when circumstances, opportunities, and timing warrant a change in direction.
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