MBBA - Michigan Business Brokers Association

 

MBBA

Michigan Business Brokers Association
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Metro Chapter Monthly Meeting June - Virtual Zoom Meeting

What: MBBA Metro Meeting
 
When: Thurs., June 3rd, 9:30 - 12:30; First Thursday of each month.

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. 

West Chapter members are also invited to “tune in” at 10:15am.

The online room will be open starting at 9:30am, with our meeting starting at 10am. Our standing agenda will be:

9:30am – 10am  - Open networking

10:00am -10:15am -  Meeting comes to order, welcome guests, chapter updates from the board

10:15am – 11:15am -  Main Presentation plus Q&A

11:15am – 11:45pm -  Membership sharing of offerings, wants and needs

 Zoom instructions to come prior to meeting:

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