Michigan Business Beat | JV Anderton - Foster Swift and LEAP Sharing Details on Succession Planning

Michigan Business Network

Originally uploaded April 18th, reedited July 8th. Jeffrey Mosher welcomes JV Anderton business attorney (now Shareholder) at Foster Swift and an Executive Committee Member for LEAP Why succession planning is important? I understand you have a program to tell us about? What will the program cover? Where is the program? LANSING, MI – Ingham County businesses will have access to succession planning assistance through an innovative training series this spring and summer. Lansing Economic Area Partnership (LEAP), Ingham County, Foster Swift Collins & Smith, PC, Lansing Regional Chamber of Commerce, Tri-Star Trust and Transworld Business Advisors are delivering four Succession Planning 101 courses and two Succession Planning 201 courses geared to provide business owners a “Layman’s Guide to Succession Planning.” “Succession planning is one of the most over-looked aspects of business lifecycle and yet, an effective succession strategy can make an enormous financial difference to the owner(s) and the community,” says J.V. Anderton, Foster Swift business attorney and LEAP Executive Committee Member. “Our goal with this program is to help business owners lay the foundation for starting their own succession plan. This is a multi-disciplinary approach that will look at the financial, emotional, legal and logistical side of the process.” Succession Planning 101 covers: identifying possible successors, operations and existing contracts, financial planning, self-evaluation and communications, the importance of a succession planning team, key legal considerations and recommended timeline for taking key steps. Succession Planning 201 covers: maximizing the value of your trusted advisors, prepping your business for transition, business valuations, communications in the process, and includes a case study. Succession Planning 101 (4 scheduling options) April 25: 8:30-10:00 am. Foster Swift Hub: 313 S. Washington Square, Lansing MI May 21: 3:30-5:00 pm. Okemos Conference Center: 2187 University Park Drive, Okemos MI Click Here for Registration July 18: 8:30-10:00 am. LRCC Office: 500 E Michigan Avenue, Suite 200, Lansing MI Click Here for Registration August 27: 3:30-5:00 pm. Hidden Gem Event Center: 4230 Charlar Drive, Holt MI 48842 Click Here for Registration Succession Planning 201 (2 scheduling options) June 18: 8:30-10:00 am. LRCC Office: 500 E Michigan Avenue, Suite 200, Lansing MI Click Here for Registration September 18: 3:30-5:00 pm. LRCC Office: 500 E Michigan Avenue, Suite 200, Lansing MI Click Here for Registration There is no fee for attending, but pre-registration is required. To register go to: https://members.lansingchamber.org/ap/Events/Register/NWHjRMotxHaCm Speakers include: J.V. Anderton, Foster Swift Collins & Smith, PC Amanda Dernovshek, Foster Swift Collins & Smith, PC Taylor Gast, Foster Swift Collins & Smith, PC Benjamin Brakken – Tri-Star Trust Jessica Stark – Transworld Business Advisors.