Aboriginal Law Conference 2004


Course Date: June 11, 2004

Welcome and Introduction                                               

Succession Planning for Business Owners

  • identifying and assessing the options
    • pass it on to family
    • sell the company to an arm’s length third party
    • sell it internally
  • preparing your business for the succession plan 

Networking Break  

Selling to Third Parties

  • how the auction process works
  • what are strategic purchasers and private equity partners looking for?
  • choosing a good investment advisor
  • managing the process

Lunch (on your own)

Managing the Process

  • setting reasonable expectations with your client about timing, fees, and the process
  • who are you acting for?
  • managing conflict within a succession planning process
  • managing deal flow in this current economic environment
  • setting up a pipeline for work and your practice

Networking Break  

Valuation If a Non-Arm’s Length Sale

  • how to establish a price
  • how to successfully negotiate the price 

Selling to Family or Management Team

  • vendor financing
  • earn-outs
  • bonuses
  • structures               

Closing Questions and Comments