MODERATOR: John F. DeLillo, C.P.A. VARIOUS WAYS WE PASS THE TORCH - - PowerPoint PPT Presentation

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MODERATOR: John F. DeLillo, C.P.A. VARIOUS WAYS WE PASS THE TORCH - - PowerPoint PPT Presentation

Oct 29, 2022 423 likes •564 views

TONIGHTS DISCUSSION MODERATOR: John F. DeLillo, C.P.A. VARIOUS WAYS WE PASS THE TORCH Sell/Merge Transferring or Selling Business to Children or Employees Transferring or Selling Business to a Partner Buy/Sell Agreements

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TONIGHT’S DISCUSSION MODERATOR:

John F. DeLillo, C.P.A.

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VARIOUS WAYS WE PASS THE TORCH

  • Sell/Merge
  • Transferring or Selling Business to Children or Employees
  • Transferring or Selling Business to a Partner
  • Buy/Sell Agreements
  • Close the Doors…because you didn’t have a plan.
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HOW TO GET STARTED

Plan your exit strategy.

  • When is a good time to start your planning?
  • It’s never too early and plans may change.
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THINGS TO THINK ABOUT

  • What will YOU do after you sell your business?
  • How much money will you need? – Don’t plan on the selling of

your business to be your retirement.

  • How much is your business worth?
  • Don’t put off the planning process.
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VALUATION OF YOUR BUSINESS

How do you value a business?

  • Adjusted Book Value Method
  • Asset Purchase
  • Valuing Your Assets
  • Earnings Approach – EBITDA
  • Discretionary Items
  • Average Over 3

Years

  • Multiple of Earnings (2x, 3x, 4x)
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TONIGHT’S PANEL:

  • Carey Davis,

Transworld Business Advisors of NY

  • Douglas Plotke,

Roof Services

  • John Ottaviano,

Air Ideal, Inc.

  • Lauren Larsen,

Power Cooling

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CAREY DAVIS,

TRANSWORLD BUSINESS ADVISORS OF NY

  • Steps to Transitioning a Business
  • Steps Business Owners Should Take Before Listing a

Business For Sale

  • Keeping Good Records
  • How to Handle Cash
  • Historical Industry Related Data

SELLING YOUR BUSINESS

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DOUGLAS PLOTKE,

ROOF SERVICES

  • 1. Start Early!
  • 2. What’s My Job & Who Will Do it When I Am Gone?
  • 3. Customer Relations
  • 4. 3rd Party Transfer
  • 5. Post Departure Performance Matrix
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LAUREN LARSEN,

POWER COOLING

  • Awakening your “ Mini Me”
  • Mentor like there’s no tomorrow
  • Equality issues
  • Your legacy and their future
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JOHN OTTAVIANO,

AIR IDEAL, INC.

  • History of a 3rd Generation Family Business
  • Family & Key Employee Dynamics
  • What Can Happen Without Proper (Family) Business

Succession Planning

  • Key Man Insurance
  • Buy/Sell and Shareholders Agreements
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THANK YOU FOR YOUR TIME!

ANY QUESTIONS?