Business Succession – Legal Issues and How To Navigate Them
by Samuel Seow
Business succession planning is all about being prepared. The loss of valuable leadership can cripple even the strongest of companies. Succession planning is therefore an essential component to the survival and growth of any business. Whether it is providing for a founder’s departure from the business; grooming employees to become the new leaders; or preparing for a key employee’s eventual retirement, the legal framework must be considered. This Course identifies the legal issues inherent in some common business succession methods, and highlights some strategies to best deal with the same.
Why You Should Attend This Course
Business succession planning is all about being prepared. The loss of valuable leadership can cripple even the strongest of companies. Succession planning is therefore an essential component to the survival and growth of any business. Whether it is providing for a founder’s departure from the business; grooming employees to become the new leaders; or preparing for a key employee’s eventual retirement, the legal framework must be considered. This Course identifies the legal issues inherent in some common business succession methods, and highlights some strategies to best deal with the same.
- Define business succession planning and its role in your company
- Lay the groundwork to develop a succession plan
- Create a plan, assign roles, and execute the plan
- Introduction to business succession
- 4 main ways that business owners hand over control and operation of small businesses to a successor:
- Passing the business to a family member,
- Selling the business to management or employees over time,
- Selling the business to third parties, and
- Gifting the business in a will
- Employee share options
- Buy-sell agreement
- Trusts
- Business owners who wish to learn more about business succession strategies
- HR professionals and management-level employees who are interested in retaining and grooming employees
Samuel’s legal expertise is in the field of intellectual property law; media law; and general commercial and corporate law, and he has extensive experience in dealing with a wide range of transactions, with a special focus on the application of these laws to the entertainment, arts and media industries.
The Asia-Pacific Legal 500 has ranked Samuel as a “significant individual” in the fields of Intellectual Property law and Media law. Asian Legal Business has described him as a “mover and shaker’; and he has also been dubbed the “celebrity lawyer” of Singapore. He has also been named one of the Top 100 lawyers in Singapore.
Samuel is an acclaimed speaker on topics relating to all aspects of law and entrepreneurship and has been invited to speak at many events throughout the world, including the first Tedx event ever held in Singapore; and XMediaLabs events across Australia, where he was invited to lecture upon the stage of the Sydney Opera House and the State Theatre Centre of Western Australia.
In 2010, Samuel received the Spirit of Enterprise Award which is given out annually to a select few to recognise the entrepreneurial spirit in Singapore.
Dates
30 Sep 2021
17 Dec 2021
Course Fee
S$565.00
The class offers in-class or virtual learning
- Time: 9am – 5pm
- MIS Member enjoy 10% Discount
- Register for 8 or more participants to enjoy 10% Group Discount