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Posted: October 11, 2012

Business succession planning workshop

Selling your business is one of the most important decisions you will ever make.

You have one chance to do it right.

The City of Kimberley, the Kimberley Chamber of Commerce, and Invest Kootenay invite you to attend the 2012 Business Succession Planning Workshop on October 17, from 8:30 a.m. to 4 p.m.

Many Kimberley business owners who plan to retire or sell their business within the next 10 years don’t have a plan.  All businesses should operate as though they plan to sell within five years.

Without proper succession planning, businesses that do not need to close, might. The local impact could be substantial. The time to start planning your succession is now.

You will learn

Rationale, research and succession planning basics

Exploring your transition options

Contingency planning

Family business succession, employee buy-out, external sale, or other options

Managing the transition

Financing, tax and legal considerations

Business valuation.

The day-long workshop is being held at the Kimberley Conference and Athlete Training Centre and costs $50 + HST (refreshments and lunch included).

To register contact Kevin Wilson at 250-427-9666 or [email protected].

The registration fee can be prepaid at Kimberley City Hall, or by cheque the day of the event.

Also note: At 4:30 p.m. take the community shuttle from the Conference Centre to participate in a joint Kimberley/Cranbrook Chamber mingle at the Canadian Rockies International Airport.


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