Stone Pigman Co-Sponsors From Work to Wealth Workshops
Scott T. Whittaker, chair of Stone Pigman's Business Section, is a co-founder of "From Work to Wealth," a professional alliance that has as its goal the education of business owners about the sale of their business. Mr. Whittaker, and other professionals with From Work to Wealth, will present an evening series of weekly educational workshops for business owners, starting April 13, 2005.
Whittaker states, "The sale of their company is usually the most important event in the financial life of a business owner. Understanding the sale process and the critical business, financial and legal issues involved allows the business owner to plan in advance, which is important to help insure a successful sale at a top-dollar price and without needless legal exposure. Therefore, these workshops are ideal not just for the owner who desires to sell right away, but also for the owner who wants to be properly prepared when the time to sell does arrive."
For more than 20 years, Whittaker has represented clients in a wide variety of transactions, including buying, selling and merging companies, private placements of securities and venture capital transactions; and with respect to general corporate, partnership and limited liability company matters. In addition, Whittaker has extensive experience representing clients in all phases of real estate acquisitions, development and financing.
Workshops will be held at 546 Carondelet Street in New Orleans. Price for the entire series of four workshops is $129.00; or attendees can sign-up for individual workshops for $39.00 each. For more information, please logon to www.fromworktowealth.com.
The From Work to Wealth workshop series schedule and syllabus is as follows:
SESSION 1 APRIL 13, 2005 7:00, 8:30 P.M. THE EXIT STRATEGY: WHAT IS IT AND WHY SHOULD EVERY BUSINESS OWNER HAVE ONE?
This workshop will cover the definition and different components of an exit strategy; why every business owner/CEO has an exit strategy, whether by design or default; different types of exit strategies available in different private company entity and ownership structures; business, economic and legal consequences of different exit strategies; and how to formulate the right exit strategy for your business.
SESSION 2 APRIL 20, 2005 7:00, 8:30 P.M. VALUING A PRIVATELY OWNED BUSINESS
This workshop will cover various valuation methodologies; types of formal valuations and their various uses; use of formal valuations in the sale process; rule of thumb methods used by buyers and their lenders to value businesses in various industries; and the difference between valuation and sale price.
SESSION 3 APRIL 27, 2005 7:00, 8:30 P.M. PREPARING A PRIVATELY OWNED BUSINESS FOR SALE
This workshop will cover the aspects of the business that should be considered and addressed if need be, before the sale process is commenced, including operations; physical plant; financial; employees; insurance; and legal.
SESSION 4 MAY 4, 2005 7:00, 8:30 P.M. THE SALE PROCESS
This workshop will cover the process that should be undertaken to achieve a successful sale that yields the highest net value to the selling business owner, including assembling an advisory team; ensuring confidentiality; locating qualified potential buyers; coordinating due diligence; identifying and negotiating the best transaction structure from a business, tax and legal perspective; valuing non-cash consideration; and closing and transition issues.
Founded in 1929, Stone Pigman has earned its reputation representing national, regional and local businesses in a full range of business and litigation matters, including corporate, securities, real estate, intellectual property, health care, employment, tax and estate planning.