Foundation to hold free succession planning presentation

Baby boomers are beginning to reach retirement age. Many of the 10,000 people who turn 65 each day own businesses that are usually their largest asset – and not a liquid one. In addition, many owners aren’t prepared to retire, and their businesses aren’t ready to transition to the next leader.

The Harper College Educational Foundation will hold a Succession Planning for Family-Owned and Closely Held Businesses on Wednesday, November 8, at the Wojcik Conference Center on the College’s main campus, 1200 W. Algonquin Road in Palatine.

Registration and networking breakfast begin at 7 p.m. followed by the presentation from 7:30 to 9 a.m.

The presentation will be led by Barry Goodman, a cofounder and partner of SVA Value Accelerators and president of the Greater Chicago Chapter of the Exit Planning Institute. He owned his own CPA firm for more than 20 years and then did his own transition to be a partner in a firm that grew to become one of the most successful middle market CPA firms in Chicago.

Goodman will address:

  • Challenges facing most family businesses
  • What and who is involved in a successful business transition
  • Why certain companies are worth more than others

There is no cost to attend this event, but reservations are required at harpercollege.edu/foundation or 847.925.6490.