Preparing Your Family Business for Sale – Even When It’s Not Your Intent

Please join Eide Bailly’s Amber Ferrie, partner/transaction advisory practice leader; Matt Labernik, partner; Kristin Taffe, business valuation senior manager; and Family Business Magazine’s publishing director, David Shaw, as they discuss ways to prepare your family business for sale — even if that was never your intention.

Regardless of industry, size or line of business, all business owners must someday transition their business. Yet many studies find that about 75% of family businesses do not have a succession plan in place. No matter who the next owner of your business may be or when you plan to exit, transitioning is a major process that requires time and effort. It’s a series of choices, assessments, and reassessments that can influence the way you run your business. Hear directly from Eide Bailly’s transaction advisers as they talk about how to prepare for sale in the current market — even if you’re not intending to sell.

Webinar topics include:
• The decision-making process
• How to choose your transition plan
• Current industry multiples
• The concept of business valuation and gifting
• The outlook for a down market and options for transition

Amber Ferrie, CPA, ABV, CFF, CM & AA

Partner/Transaction Advisory Practice Leader, Eide Bailly

Since 2004, Amber has helped Eide Bailly clients think about their future; whether that is through estate planning, a transaction, or growth. She specializes in transaction advisory services, providing sell-side advisory services to lower and middle market clients who are looking to sell their business. Amber believes in a holistic approach to advisory services, making sure we have considered the goals of the owner and the broader business strategy when planning for the future.

Matt Labernik, CPA

Partner, Eide Bailly

Matt has more than 10 years of experience in public accounting, focusing on audit and transaction advisory services. He provides advice to clients throughout the transaction process, including consulting on due diligence efforts, net working capital negotiations, purchase agreement review, and post-closing support. His industry specializations include construction, manufacturing and distribution, and dealerships.

Kristin Taffe, CPA, ABV

Business Valuation Senior Manager, Eide Bailly

Kristin has been with Eide Bailly since 2008, primarily in the business valuation space. In this role, she performs valuations for compliance and transaction purposes, specializing in valuations in the healthcare industry. Kristin also performs consulting services for small business, including transaction consulting and the development of financial models, feasibility studies, and sensitivity analysis modeling. Kristin loves the process of helping clients into the next stage of life. Whether it is transitioning wealth to the next generation, advising in a sale, or helping clients put strategic ideas into numbers, she appreciates the opportunity to work with clients during periods of change.

David Shaw

Publishing Director, Family Business Magazine

David Shaw is the publishing director for MLR Media. He also co-founded and serves as conference director of the Transitions conferences, the Private Company Governance Summit and Family Business Legacy. David writes frequently on governance issues for public and private companies, and develops and maintains close relationships with multi-generational family-owned businesses. He is married, with two grown children.