Workshop covers business succession

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BRATTLEBORO — A training program for business owners and key managers working towards an exit plan will be held from 2 to 5 p.m. Wednesday, Dec. 4, at the Brattleboro Development Credit Corporation offices at 76 Cotton Mill Hill. Participants will learn the basics of how to choose a path for ownership succession in their business. They will take a close look at four different ways of selling a business: to an outsider, to family members, to managers, or to the larger group of employees.

Mark Beliveau of Gallagher, Flynn LLP and Don Jamison of the Vermont Employee Ownership Center will give an overview of the mechanics of the most common ownership transition models. While the session will get into some technical details, the focus will be on stories about each path, told via video by owners who have been involved in the sale of Vermont businesses.

Sponsors of the succession planning event are Brattleboro Development Credit Corporation, the Vermont Small Business Development Center, the Vermont Manufacturing Extension Center and the Vermont Employee Ownership Center, with funding provided by the Vermont Agency of Commerce and Community Development.

Attendance is limited to business owners and key managers. To register for the event visit www.brattleborodevelopment.com or contact R.T. Brown, BDCC's Director of Business Acceleration and Community Capital Development at 802-257-7731 x221 or rbrown@brattleborodevelopment.com.

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