BRATTLEBORO — An introduction to business ownership succession planning will be offered on Tuesday, May 10, from 2 to 5 p.m., at the Marlboro College Graduate Center, 28 Vernon St. Attendees will receive a copy of “An Owner's Guide to Business Succession Planning.” There is no cost for this event, but registration is required.
In this seminar, according to a news release, participants will learn the basics of how to choose a path for ownership succession in their businesses, and take a close look at four different ways of selling a business: to an outsider, to family members, to managers, or to the larger group of employees.
Phil Steckler of Country Business, Inc. (CBI) and Andy O'Neill of Prairie Capital will give an overview of the mechanics of the most common ownership transition models. While they will discuss some technical details, the focus will be on stories about each path, told by owners who have been involved in the sale of Vermont businesses.
This edition of the seminar will feature the story of the sale of Time Frame, based in Hillsboro, N.H., told by the company's founder, Dave DeWitt.
Attendance is limited to business owners and key managers.
Sponsors of the event are the Regional Development Corporations of Vermont, the Vermont Small Business Development Center, the Vermont Manufacturing Extension Center and the Vermont Employee Ownership Center, with funding provided by the Vermont Agency of Commerce and Community Development.