Sale or Succession of Businesses
Wednesday 07 November 2007, Stanley House Hotel, Mellor
In the UK, family businesses are estimated to account for over two thirds of all companies yet many have no plans for what they will do with their business in the future. For owner managed and family businesses it is critical to think about who will run your business when you retire. Whether you want to maximise your wealth at retirement or leave the business in safe family hands succession planning is an important consideration for any business. Experts from the teams at Forbes and Waterworths have joined together to present this seminar on how your business can be structured appropriately for future sale or succession. 8.00am Registration & breakfast
8.30am Presentation starts 
- Succession in the family firm:
- Put the business first
- Learning to let go
- From second to third generation
- The need for a plan
- Fairness and conflict - Gucci case study
- Sale
- The ultimate solution to the succession issue
- Grooming for sale
- Timing, system, off balance sheet assets, contingent liabilities
- Finding a buyer
- Taper and business asset taper
- IHT exemptions
- Sale on deferred terms – loan notes
- Purchase of own shares
- Enterprise Management Incentives
- Trusts
- Freezer shares
- Legal issues in business succession
- Shareholders agreements
- Wills
- Management Buy-Outs
- Legal aspects in grooming for sale
- Legal aspects of business sales
- Shares v Assets
- The sale process
9.50am Questions 10.00am Close The seminar will be held at; Stanley House Hotel, Mellor, Lancashire. BB2 7NP on Wednesday 7th November 2007 The cost of the seminar is £15 + VAT per delegate.
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