01 Jun This Weeks Events for Business Brokers
Due to the COVID-19 pandemic, we recommend checking with the event organizer to confirm that their event is still taking place as scheduled.
Midwest Business Brokers and Intermediaries
How Business Valuations Have Changed in 2021
June 1, 11:00 AM – 12:30 PM
Michigan Business Brokers Assocation
Metro Chapter Monthly Meeting
June 3, 9:30 AM – 12:30 PM
BJ’s Restaurant, 19470 Haggerty Rd, Livonia, MI 48152
Agenda: Michael Friedman will discuss when conversions to worker-ownership may be feasible, the three primary forms such a transaction might take, and how these conversions can be done. A very large number of small to medium businesses are owned by folks age 55 and over who will be leaving or retiring from those businesses in the next 10 or so years. This has been referred to as the “Silver Tsunami.” As business brokers, you are well aware that if there are not family members who wish to take over these businesses, the market for selling them may be difficult and many of them will simply close down. To prevent this job and economic loss to the communities where these business are located, one option that is often overlooked is to sell the business to its existing workforce. Employee-ownership is an alternative business model that is becoming more widely recognized and implemented. Not only do federal and state policies support such transactions, but research has shown employee-owned businesses to be successful, often outperforming comparable, traditionally-owned businesses.
MBBA Monthly meetings are restricted to members and invited guest only. If interested in attending please contact us about being a guest.