Common ownership transition scenarios for construction contractors

Event Info

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All businesses must transition ownership and leadership positions at some point, whether because of retirement, resignation, dismissal or other unplanned or opportunistic circumstances. Within the construction industry, the prevalence of aging business owners is building a significant need for transition planning. Despite this trend and the awareness organizations have about the importance of this type of strategic planning, many construction businesses do not have a formal ownership transition plan in place.

Developing a plan to handle management or ownership succession can be a complex and sensitive issue, but smooth transition is critical to the future success of every construction business.

Join us for the second session in a series of webinars exploring the fundamentals of planning and executing successful ownership transitions.

This presentation will review common strategies and structures construction contractors use to transition ownership. We will review the concepts for each strategy as well as explore the benefits, challenges and other considerations for each ownership structure. Attendees will learn to:

  • Evaluate various ownership transition structures
  • Understand tax implications for each transition structure
  • Assess various options related to entity structures

Who should attend?

  • Business owners
  • Chief financial officers
  • Executive-level managers
  • Other construction professionals involved in succession planning

Presenters

  • Tom Sheahan, CPA, Partner
  • John Loew, JD, Senior Manager

Information about CPE eligibility

There are no prerequisites for this webinar, and advance preparation is not required. There is no cost to attend this webinar.

CPE credit: One (1) hour total credit
Field of study: Management Advisory Services (MAS)
CPE host: Helen Bradley

A certificate of completion will be e-mailed to you four to six weeks after the event.

For more information regarding administrative policies such as complaint and refund, please contact our offices at 608 240 2522.

Baker Tilly Virchow Krause, LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.