Succession and Exit Planning CPE | CPD | PL Webinar

Welcome to myCPE

Succession and Exit Planning

Reviewed

January, 2024

Brooke Awtry

Learning Objectives

To Identify the various options available to an existing business owner.
To recognize the high-level process for each of the exit options.
To identify the pros & cons for each of the exit options.
To recall the preparation and implementation of various exit options.

Course Description

You’ve built a successful business and are ready to move on, either to a new venture or to a well-deserved retirement.

Now what?

Have you considered what happens when you desire not to continue to work?

Have you ever considered your exit strategy?

Business owners rarely conduct effective succession planning and knowledge transfer. In fact, 60% of second-generation leaders fail. 90% of third-generation leaders fail. To make matters worse, the majority of retiring owners have the vast majority of their wealth tied up in their companies. If their businesses fail, owners' payments often stop and the owner's retirement plans are dramatically altered. This online CPE course focuses on ensuring the company will continue successfully.

Only 50 percent of business owners have a written succession plan in place. Worse yet, there are some that might even be in line such as a son, daughter friend or spouse and they do not even know they are considered.

Best-practice organizations use succession planning to not only prepare for potential leadership challenges but they also rely on such plans to develop and maintain the strong leadership that's required to grow and keep pace with changes in their business, industry, and the overall marketplace.

Major Topics Covered: in this online CPE webinar:

How to Prepare Exit Plans
What are Different Exit Options available
Selling to Strategic Buyer/Financial Buyer/Management
Employee Stock Ownership Plan
Initial Public Offering
The transition from CEO to Shareholder
Liquidate

Overview

What are your priorities?

1 mins
Option: Sell to a Strategic Buyer

5 mins
Option: Sell to a Financial Buyer

11 mins
Sell to Management: Prepare and Implement

18 mins
Transition from CEO to Shareholder: Prepare and Implement

29 mins

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CPE Credit of Corporate Finance for Certified Management Accountants (CMA)
1 CPE Credit of Exit Planning for Certified Valuation Analyst (CVA)
1 CPD Credit of Finance for Accredited in Business Valuation (ABV)
1 CPD Credit of Employee and business owner planning for Personal Financial Specialist (PFS)
1 PL Credit of Finance for Chartered Financial Analyst (CFA)
1 CE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
1 CPE Credit of Finance for Certified Government Financial Manager (CGFM)
1 CE Credit for Certified Wealth Strategist (CWS)
1 CE Credit for Certified Fiduciary and Investment Risk Specialist (CFIRS)
1 CE Credit of Financial Planning for Retirement Income Certified Professional (RICP)
1 CE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
1 CE Credit of Financial Planning for Wealth Management Certified Professional (WMCP)
1 CE Credit of Succession planning for Chartered Life Underwriter (CLU)
1 CPE Credit of Exit Planning for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
1 CE Credit of General finance principles and financial concepts for Certified FP&A Professional (FP&A)
1 CE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 PL Credit of Finance for CIPM
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Brooke Awtry

Marketing, Montage Partners, Inc

Brooke Awtry is the Director of Marketing and Public Relations at Montage Partners, a people-first private equity firm located in Scottsdale, Arizona. Brooke is responsible for managing the firm’s brand, media relations, and creating and implementing all marketing strategies. She also consults with the firm’s portfolio companies on marketing initiatives and campaigns. Prior to joining Montage Partners, Brooke worked for the largest U.S. non-profit, Fidelity Charitable, where she oversaw a portfolio of high net worth clients, worked to improve team processes and efficiencies, and created educational materials and reports for clients. Brooke holds a bachelor’s degree with honors in English, a Master of Arts in Arts Management, and an MBA from Southern Methodist University in Dallas, Texas.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

Excellent

Very Good

Average

Poor

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Christine Eubanks, CPA (US)

This is a great first course to get conversations with clients on possible ways they could exit. It is enough information to get you the buzz words for discussions of pros and cons on ways to exit.

Kumani Kee, Accountant/Bookkeeper/Tax Professionals, AFE, CGAP, CPA (US), IAP, Tax Professional, TEP, PHRi, QAFP, CFE, Maryland Tax Preparer

I found the CPE to be very informative. I am currently a staff accountant, but I am always willing to learn something new and absorb information. So this CPE was perfect for that.

Sandy Wojtysiak, CPA (US)

Although I am not in a position to walk a client through an exit strategy, the topic was explained well to understand the process and be able to explain it to others.