The Small Business and Technology Development Center at Western Carolina University’s Mountain Resource Center will sponsor a business planning seminar in downtown Asheville for business owners preparing to transfer ownership of their business within the next five years.
“Planning Your Business Legacy” will be held on Thursday, June 7, on the third floor of the Wachovia Bank Building in Training Room A, from 8 to 11:30am.
Co-sponsored by New South Business Ventures Inc., the seminar will cover planning an exit strategy, achieving one’s goal upon retiring from self employment, determining the value of a business, maximizing after-tax returns, internal and external transfers, and recapitalization.
The seminar will be led by Paula O’Hara, owner of New South Business Ventures Inc. — a company that provides assistance with the selling and valuing of small businesses. O’Hara has more than 25 years of management experience with a background in the start-up, turnaround and divestiture of small- and medium-sized businesses.
O’Hara has a bachelor’s degree in economics from Mount Holyoke College in Massachusetts and a master’s degree from Harvard. She is certified as a business intermediary by the International Business Brokers Association and holds a North Carolina real estate broker’s license. O’Hara will be assisted in the seminar by an expert in the tax treatment of business transfers and estates planning.
SBTDC is an interinstitutional program of The University of North Carolina, and has a regional service center located at WCU. It is North Carolina’s primary business assistance program offering free business counseling statewide to help businesses meet challenges, manage change and plan for the future.
The cost of the seminar is $25, which includes materials and a continental breakfast. Space is limited and reservations are encouraged. For more information or reservations, contact Tonya Kenyon at (828) 227-3422.
