Date and Time
Thursday Feb 2, 2023
9:00 AM - 12:00 PM EST
Location
New Castle County Chamber of Commerce
Emerging Enterprise Center
920 Justison Street
Wilmington, Delaware 19801
Fees/Admission
$25 for Members
$30 for Future Members
Description
As a business owner, your time is consumed with building a better, more profitable and hopefully more valuable business. Unfortunately, that often means postponing many important personal financial decisions to the future.
This is the second in a two-part course designed to help you understand a variety of business and personal financial decisions to incorporate into your long-term thinking. You will learn about steps you can take now to help provide a more financially secure future for yourself, your family, your business and your employees.
Course Outline
| Understanding your finances This session will help you consider how your business impacts your personal finances and how your personal goals impact your business growth. |
Business succession: Understanding your options Be prepared before you decide to sell your business — learn about different types of business succession strategies and some of the issues you may encounter. |
|
| Understanding your business To plan for the future of your business, you should have a sense of how your business is set up and the implications of the business structure. |
Business continuation agreements Buy-sell agreements are a common approach to a business continuation strategy — understand the different types to help determine if you need one and which type could work for you. |
|
| Understanding your business To plan for the future of your business, you should have a sense of how your business is set up and the implications of the business structure. |
Employee compensation and benefits Learn about broad-based forms of compensation and benefits packages designed for special groups of key employees, and how to determine what is the appropriate combination of benefits for your company. |
|
| Business valuation Learn about different business valuation methods, how they are typically used and compare three of the most common methodologies. |
Estate planning basics Learn about estate planning strategies which can help business owners whose estate planning process could be complicated by the fact that their business is their largest asset. |
|
| Employer-sponsored retirement plans Delve deep into different types of retirement plans that you can provide to your employees. |
Advanced estate planning issues Explore complex estate planning strategies that may help achieve lifetime and legacy goals for business owners who have substantial estates or unique assets. |
|
| Key employees: Compensation and employment agreements Develop an understanding of how to structure special benefits packages to compete for and retain key employees. |
Income protection Learn about disability insurance strategies that can help business owners in the case of a disabling event for themselves, their partner, or a key employee. |
){kind=link}