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Pick your business successor workshop

Hosted By Murphy McCormack

Facilitated by Compass Point

Hosted By Legacy Planning

5 Critical Steps to Pick Your Business Successor and the Potholes to Avoid

 

Hosted By:
Melissa Gerhardt, Legacy Planning
Robert Firely, Murphy McCormack

Facilitated By:
Tom Garrity, Compass Point

 

PICK ONE: Virtual or In-person

 

VIRTUAL INTERACTIVE WORKSHOP

WHERE: Virtual on Zoom
WHEN: Tuesday, March 19, 2024
TIME: 12:00 – 1:15 PM
Zoom opens at 11:50 AM
The workshop begins promptly at 12:00 PM

 

IN-PERSON INTERACTIVE WORKSHOP

WHERE: Lehigh Country Club
2319 S. Cedar Crest Blvd., Allentown, PA 18103
WHEN: Thursday, April 11, 2024
TIME: 8:00 – 9:30 AM
Doors open and a Continental Breakfast will be served at 8:00 AM
The workshop begins promptly at 8:30 AM

WORKSHOP REGISTRATION FORM

Please complete the form below and RSVP for the event that works best for you.

Any questions, reach out to the hosts listed or email events@compasspt.com for assistance. 
 





Choose Event Date

The success of the business to serve future generations starts with the decisions you make today.

We advise owners against getting locked into only one path without considering all the transition options and how they will impact their succession plan. Getting this right is a critical part of post-transition satisfaction. Think about what is going to be best for you, your family, your employees, and your community.

 

Succession isn’t a matter of IF, it’s a matter of WHEN. Ignoring that fact leads to uncertainty:
  • Reduced options for exit
  • The owner gets stuck in the business
  • The business and family exposed to risks without a plan
  • No apparent successor and/or children uninterested

 

WHO SHOULD ATTEND:

Owners of Family Businesses and Privately-Held Companies with revenue between $5M and $150M+, who have a 10-year (or less) runway to exit the business and have not fully developed a transition plan or completed a business value assessment.

 

CLARIFY WHAT YOU NEED TO FOCUS ON:

This one-hour workshop can significantly shift your level of understanding on how to effectively plan for succession in your family business where the tricky dynamics of love, power, and money can trip up even the best. The business’s ability to serve future generations and continue to build family wealth starts with the decisions you make today. We will discuss:

  • Leadership succession
  • Ownership transition
  • The family conversation
  • Asset protection, tax planning, and shareholder documents review
  • The role of governance – board, family council, family constitution

 

ATTENDEES ALSO RECEIVE:
  • The “Succession Planning Potholes to Avoid” deck
  • Bonus tips for manufacturing companies
  • A complimentary business valuation to know the current value of your business TODAY
  • A complimentary 30-minute business consultation and personal financial advisory meeting

 

HAVE QUESTIONS?

Contact one of your workshop hosts:

Melissa Gerhardt
mgerhardt@legacy-online.com
484.765.9100 x304

Robert Firely
rfirely@murphymccormack.com
717.475.8095