Simple Steps for Exiting Your Business - 09/15/2020 - C0405

Simple Steps for Exiting Your Business

The statistics on businesses surviving through multiple generations are staggering. Just making it through the second generation is a milestone event for a business. Making it through the third generation is rare and making it to the fourth generation is almost unheard of. The good news is business owners can buck these trends with proper planning. This workshop, developed by MassMutual and SCORE, will help you plan for the next stage for your business, for yourself, and for generations to come.

It’s Time to Pack it in…..Now What?

You’ve built a nice business, but how do you:

Value it for sale
Estimate your after-tax proceeds and
Retire happily ever after?

What’s my business worth?

Owners may be too close to their businesses to objectively value them:

What factors go into the valuation
What is my worth to the business
Beauty is in the eye of the beholder

How will my sales proceeds be taxed?

What matters is not what you get for your business, it’s what you keep of what you get:

Applicable taxes
How they are calculated
What can be done to reduce them

Can I afford to retire on the sales proceeds?

Most owners count on their business proceeds for retirement:

What you need to retire on is no basis for valuing a business for sale
How will my lifestyle costs change in retirement?
What will happen to the cost of living, taxes and Social Security?
Running a retirement projection

Registration Information

Registration Fee: $40.00*

Veterans: Free admission is available for this class. Click Here for details.

If you have trouble registering, send an email to info@svscore.org

This will be a live video conference class. The link to join will be sent to you upon registration.

About The Speakers:

Gene E. Sinclair

Principal & SVP of Client Development

Based in Palo Alto, California, Gene is the GW & Wade Principal in charge of Client Development for California and the West. Gene works with individuals, families and corporations to deliver GW & Wade's Wealth Management Services.

During his long career in financial services, Gene worked with both regional and national brokerage firms. He also co-founded a successful independent investment advisory firm and a successful, venture-backed start-up that revolutionized money management platforms for independent broker-dealers, banks and investment advisory companies.

Registered Options Principal (Series 4)
General Securities Representative (Series 7)
General Securities Sales Supervisor (Series 8)
General Securities Principal (Series 24)
Securities Agent & Investment Adviser Representative (Series 66)
BS in Business from San Jose State University
Guest lecturer at the San Jose State University Masters in Biotechnology program
Former Chairman of the Board, Chairman of the Executive Committee and member of the Finance Committee of Hope Services Board member
Chief Umpire and Head Coach for youth baseball programs in Sunnyvale, Mountain View and Los Altos

Justin Wiles, JD

Counselor

Based in Palo Alto, Justin Wiles has been with GW & Wade since 2015, specializing in investment management, financial counseling and tax planning. He currently provides tax, investment, estate planning and retirement advice to a wide range of clients including startup professionals, executives of more established firms and retirees.

Prior to joining GW & Wade, Justin specialized in individual and partnership tax at a San Francisco accounting firm.

General Securities Representative (Series 7)
Securities Agent & Investment Adviser Representative (Series 66)
JD, University of Illinois cum laude
BS in Advertising & Public Relations from University of Tennessee