North America’s Largest Woodworking Event Is Open for Business | Tuesday – Friday | August 25 – 28, 2020

COVID-19 Show Preparedness


Successfully Growing, Preserving and Transitioning Your Company and Wealth - MKT7

Wednesday, August 26, 2020 @ 1:00 pm - 2:30 pm*
Presented by: Resnick Associates
Speakers: Terrance Resnick, Partner: Resnick Associates
Pricing: Pre-registration through July 31, 2020: $95; Standard pricing August 1 - 28, 2020: $125

This seminar will provide critical and updated information for business owners in the areas of business succession and wealth preservation and their eventual transition of assets. 

Typically the more successful business owners become, they also become more vulnerable. We will discuss the myriad reasons for this along with the specific challenges that business owners face.  Accordingly, techniques will be utilized showing ways to combat those challenges and assure that the successful business remains just that – successful!  Too often, businesses are forced to be sold and contrary to popular belief, the estate tax is not the only predatory factor.  There are many!
Among the areas of focus will be why successful businesses ultimately fail, the importance of coordinating succession plans with estate plans, addressing active vs. inactive children within a family business (does it make sense to leave the business to all the children?), liquidity issues, valuation methodologies that will satisfy the IRS while lowering the tax bill, buy-sell agreements that provide maximum tax savings and insurance funding mistakes that result in millions of dollars of needlessly paid taxes.  The seminar concludes with a very compelling case study relevant for all business owners.
*Please note that this session is also being offered at an alternate time on Tuesday, August 25, 2020 @ 9:00 - 10:30 am

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