How Corporate Changes Affect Your Certifications and Planning Your Exit Strategy
Obtaining your WBE, DBE, MBE and other business certifications was a monumental task and the last thing you want to do is compromise them. However, any corporate changes can do just that. In addition, for most small business owners, selling any portion of a business or transferring it to family members is a once-in-a-lifetime deal and it must be done right. Changes in ownership are done for a variety of reasons. For example, an owner may want to infuse additional capital the company to assist with operating expenses or to add services or a product line to increase sales. Additionally, many owners want to start planning family business succession. Another scenario envisions a new owner looking to purchase an existing M/W/D/VBE or small business firm. It is important to understand that any ownership change will trigger a possible certification suspension or de-certification, even if there is a belief that such ownership changes are insignificant. These critical changes will be discussed in detail from a legal aspect, as well as planning for them from a financial perspective.
This important workshop is open to all FWC members and supporters and will be from 8:30 am to 11:30 am at McDonald Hopkins, 300 N. LaSalle St., LL Conference Room, Chicago. Register online at www.fwcchicago.com. You won't want to miss this!
Out with the old, in with the new: Do your estate and business plans need an update?
Thursday, January 17, 2019
FAQs About the End of LIBOR
Thursday, January 24, 2019
Join McDonald Hopkins and the Commercial Finance Association for a roundtable Lunch and Learn discussing FAQs about the end of LIBOR
2019 Business Outlook
Thursday, January 31, 2019
Should the business community be optimistic about business conditions this year? Please join us on Thursday, January 31 for an insightful discussion of what we might expect in the months ahead. Dr. Justin Barnette, economist at Kent State University, is our featured speaker.