Bringing Your Children into the Business 5/16 HR
ABC-VA Hampton Roads Training Facility, Chesapeake 530 Independence Parkway, Suite 500, ChesapeakeBRINGING YOUR CHILDREN INTO THE BUSINESS • LUNCH & LEARN Thursday, May 16, 2024 | 11:30AM – 1:30PM This lunch and learn addresses how to search for, develop, and transition the business to a family member (or other successor). As business owners, we know there is a delicate balance of maintaining family harmony while integrating children into the family enterprise and monetizing your hard work. Business owners get one chance relationally and financially, so don’t miss this opportunity. Topics covered: • The family business quandary • Allowing children (or your successor) to enter the family business and paths to increased responsibility • Preserving retirement income security for the senior generation • “Fair” versus “equitable” for non-active family members • IRS tax incentives and various transfer mechanisms for the business • The psychological process for the senior generation to transition control • Estate and valuation perils • Family dialogue and course assignment SPEAKERS Donald S. Hannahs, CFP®, Oceanside Financial Strategies Parker Hannahs, Oceanside Financial Strategies LOCATION **PLEASE NOTE OUR NEW ADDRESS** ABC-VA Hampton Roads Training Facility 530 Independence Parkway, Suite 500, Chesapeake, VA 23320 **Student parking and entrance is in the back of the building.** COST Members $30 Non-members $60 SUBSTITUTION/CANCELLATION […]