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In this seminar, you will learn the basics of how to choose a path for ownership succession in your business. We 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. Lynne Silva of The Silva Group and Don Jamison of the Vermont Employee Ownership Center (VEOC) will give an overview of the mechanics of the most common ownership transition models. While we 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. Joining us for this edition of the seminar for a live story will be Dave Mount, who founded Westaff and successfully transitioned the company to family members.
Attendance is limited to business owners and key employees.
Sponsors of the event are the City of Burlington's Community and Economic Development Office (CEDO), the Lake Champlain Regional Chamber of Commerce, the Regional Development Corporations of Vermont, the Vermont Small Business Development Center, the Vermont Manufacturing Extension Center, the Vermont Retail & Grocers Association and the Vermont Employee Ownership Center, with funding provided by the Vermont Agency of Commerce and Community Development.
The Vermont Employee Ownership Center is a statewide non-profit whose mission is to promote and foster employee ownership in order to broaden capital ownership, deepen employee participation, retain jobs, increase living standards for working families, and stabilize communities.
We provide information and resources to owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start up a company with broadly shared ownership.
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