August 2011

AMBA Webinar—Steps for Successful Succession Planning

You’ve spent a lifetime building your business, but probably have spent little time planning for the business to allow you to slow down. As you look take a less active role in your business, it is important to consider a few key questions that can help determine how to get there. 

Will the right management be in place to run your business? Will your children carry on your legacy? Is your business worth enough to make you financially secure in retirement? Do you even know how much money do you need for retirement? What about income, payroll and estate taxes?

The estate tax law as it is currently written will expire on December 31, 2012. If no new law is passed, the estate tax exemption will automatically drop to $1,000,000 and the federal estate tax rate will be as high as 55%? There is much talk that the law will change, but no one can say when and what the new law will be. How do you plan for this uncertainty to be certain your heirs will continue to own the business rather than having to sell it to pay taxes? 

Find out what steps you can take best plan a successful succession for your business, in this webinar, sponsored by the American Mold Builders Association (AMBA).

 

Presented by:

• Patrick McNally, Partner in Charge of Blackman Kallick's Corporate Finance Consulting Group
• Don Russ, Principal with Chuhak & Tecson

When: Wednesday, September 21, 2011, 12:00 p.m. – 1:00 p.m. (CST)

Cost: Complimentary* for Blackman Kallick clients and friends

Register: AMBA.org
(*Important: Select the "AMBA Member / AMBA Partner / Blackman Kallick Invitee" box when registering.)