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 3-part series workshop, developed by MassMutual and SCORE, will help you plan for the next stage for your business, for yourself, and for generations to come.

Part 1: Succession Planning
This workshop begins by helping entrepreneurs understand the steps to planning for the eventual transfer of the business. This includes knowing the value of the business, choosing and preparing the appropriate successor, and having it all in writing At the end of this section, clients should be prepared for a variety of business exit strategies both voluntary and involuntary ones. 

Part 2: Retirement Planning
Once clients have determined the next steps for their business and their business’ worth, they can start focusing on the next steps in their own lives. In this section, we will discuss issues that arising with having your business be your retirement planning, and other options to save and provide for your retirement.  

Part 3: Estate Planning
Ultimately, this workshop will culminate discussing multiple future planning scenarios, including the difference between estate reduction, liquidity and equalization, and the planning documents needed to leave a lasting legacy. It is never too early to start planning ahead!

Presented By: Jason DeKeuster

Jason grew up in Roseville, Minnesota. He studied at the University of Wisconsin, Eau Claire where he earned his bachelor’s degree in Finance and Economics. Jason started working for TCF Bank as a loan officer and moved to Colorado to start TCF Bank Consumer Lending in 1997. Quickly experiencing success, Jason was promoted to Regional Manager and eventually named acting Senior Vice President.  After ten years of working throughout Denver and Colorado Springs, in 2006, Jason returned to Minnesota where he joined the Minneapolis Financial Group and started his financial services career. Jason spends his time outside of the firm working with Rotary, Delta Sigma Phi and volunteering with the St. Paul Winter Carnival.