Sharing ownership in a business is common—more than half of privately held companies have more than one owner. Sharing ownership can create great strengths while leading a company, but sharing ownership also creates the need for business partners to figure out a shared exit plan that allows each owner to achieve their exit goals. However, that can be easier said that done. It’s natural for owners to have different exit goals: one partner may want to exit sooner, another wants to exit later. One wants to sell the business, another wants to pass it down to children. One needs more money at exit to be happy, another needs less. One wants a quick exit, another wants to stay with the company for the longer term. Sometimes the different exit goals are only partially or marginally conflicting. Sometimes business partners have exit goals that create real conflict and stress. This webinar is designed for business partners to help them know why they must work together to plan for exit, and how to get started.
