An internal ownership transition should mark the satisfying end of an era for one generation and an exciting opportunity for the next generation. A peaceful winding down to retirement or other opportunities on one end and blue-sky optimism and growth on the other. While this it the ideal outcome, the reality is that it takes a thoughtful plan, an appropriate time frame, and a lot of work to pull it off.

Internal Ownership transition plans are as varied as the number and types of firms that are trying to implement them. Despite these variances, there are some simple principles that the best plans each share. Understanding these principles and implementing them into your plan may be just what you need.

This session will look at these guiding principles, review a few case studies, and give you ideas to put to work within your firm.

Learning Objectives:

• Detail the financial considerations of a win-win transition plan
• Discuss the non-financial aspects and how to prepare new owners for ownership
• Review the process, people and documents needed to do an internal transition