Succession Planning

Exiting Your Business on Your Terms

  This series is designed for small business owners to find out how to plan a graceful exit from their company and learn how to evaluate their business.

The series is presented by Peter Brehm & Steven Ness, Mitchell College of Law in St. Paul. Attorneys & Partners of the Business Law Center. Both Peter and Steven earned their law degrees from Wm. Mitchell College of Law in St. Paul

Session 1: Succession Planning –Preparing to Leave Your Business.

• Why should I have a plan?
• What happens to my business when I die?
• What happens if my partner dies, gets disabled,or divorced?
• How to get my business ready to sell?
• Could I sell my business now? And retire?
• How do I protect my family?
• How do I minimize taxes?

Session 2:  What’s Your Business Worth? You Need To Know.

• How can I determine the value of my business?
• What is the value of my goodwill?
• How do I decide how much insurance I need?
•  What are my partners’ shares worth?
• Can I buy them out?
• Can my employees afford to buy me out?

PRESENTERS

Peter Brehm Peter C. Brehm, J.D., LL.M., CVA is small business and tax attorney,and Certified Valuation Analyst through NACVA. He is an adjunct professor at Mitchell Hamline School of Law, and also teaches seminars for people to start,manage, and wind down their small businesses and is a Certified Valuation Analyst for small businesses.

Steven Ness has been advising small business owners for more than 25 years on business planning, sales, acquisitions, and succession planning. He is also a member of the Henn. Co. and Minn. Bar Associations, is on the Minn. Supreme Court’s list of neutrals, is a member of the American Arbitration Assoc., and the National Arbitration Forum.