LEWISTON — The LA Metro Chamber will host the first seminar of a three-part series on options and strategies for business owners to exit their business and retire on Tuesday, Jan. 15.
The three-workshop “Power Lunch Seminar: Planning for Tomorrow,” will be from noon to 1:30 p.m. in the LA Metro Chamber’s conference room at 415 Lisbon St.
Too many business owners don’t have a realistic plan for how to exit their business, earn a decent retirement income and preserve the legacy they’ve built and the jobs they’ve created. They don’t understand their options and don’t have time to figure it out on their own. Because of this, they wait until they are ready to retire before they think about how to exit their business, and liquidation and closure becomes the default option. Unfortunately, this option shortchanges the owner and results in lost jobs and economic assets for our communities.
Over three workshops, the chamber will seek to demystify the process of exit planning:
Jan. 22, Workshop 1 is “Know What You Want: defining your goals in exit planning,” and is presented by Austin Albert, financial advisor, LPL Financial, Twin City Financial.
Feb. 12, Workshop 2 is “Know Your Options: Open market sale, family transitions and selling to employees,” and is presented by David V. Jean, Principal, Altus Exit Strategies, A subsidiary of Albin, Randall & Bennett, CPAs.
Feb. 26, Workshop 3 is “Achieve Your Goals: Understanding the financial, tax and legal issues in exit planning,” presented by Rob Brown, director, Business Ownership Solutions Cooperative Development Institute.
Those attending should bring your lunch. Snacks, sweets, coffee and other beverages will be provided.
The workshop series is sponsored by the L/A Metro Chamber, city of Lewiston Department of Economic Development and the Cooperative Development Institute as part of a new partnership. With a grant from the Surdna foundation, the group is working to preserve legacy businesses and the jobs they provide by raising awareness of exit planning options among business owners in the region.
While the seminar is free, registration is required at www.LAMetroChamber.com. Call 207-783-2249 with questions.