The mechanics of passing the baton to new shareholders is a process that will concern most business owners at some point of their journey. The outcome will be better for all if the process is carried out in a planned and orderly manner.
This Business Owners Forum event is entitled “Admitting New Shareholders with an Eye to Succession” – and will be held for the first time in the new BNZ Partners venue >>> on Constellation Drive, Albany.
Business Owners Forums have been a popular event in Whangarei and in Auckland ‘South of the bridge’ since June 2009. They will now also be a regular bi-monthly event on the North Shore – supported on the Shore by BNZ Partners, Waterstone Insolvency, The Bottom Line Expense Reduction Limited – and Elevate CA Limited.
Format for the 21 October event will be a panel discussion, and the content will cover:
Some of the issues and fish-hooks in admitting new shareholders to a business as a way to bring in new blood and pave the way towards succession.
Ways the purchase of shares by an incoming shareholder can be structured to protect the interests of both parties.
Some of the issues that can result in a mismatch of expectations and agendas between the parties – and ways these can be mitigated.
Ways the purchase of shares by an incoming shareholder can be financed where that person has the desired attributes but not necessarily the means to purchase outright.
On the panel for this event will be
Richard Blamey. Richard is a Senior Partner at the BNZ in Constellation Drive, Albany. One of the big challenges with dealing with incoming shareholders is often that the new shareholder finding the means to fund the purchase and to contribute to working capital. Richard will discuss some of the ways incoming shareholders can be financed so the deal works for all parties.
Fraser Hurrell. Fraser is a director of Elevate CA Limited. He has worked through the process of succession and admitting new shareholders with many clients large and small. He has seen first hand what works and what doesn’t work – and will share some enlightening war stories along with best practice on how to plan well ahead to make sure the process stands the best possible chance of success.
Damien Grant. Damien is a director of Waterstone Insolvency Limited, and he sees every day the results of getting major business purchases wrong. He will share some of his insights on managing the share sale and purchase process in a way that minimses the risk of the company later coming to his attention in a professional capacity.
As always, Business Owners Forum events are targeted to owners of businesses in the $1 million plus turnover bracket – although all business owners are very welcome. These events are free of charge to attend – and along with the other supporters, we also put on liquid refreshments and pizzas to lubricate quality discussion.
If you’d like to be invited to this – or any other Business Owners Forum event, just contact Fraser Hurrell by email.