CONNstruction - Summer 2009 - (Page 31)

feature Economic Downturn Gives Owners Time for Business Exit Strategy Planning By Francis R. Lynch The current recession has given all business owners, quite literally, pause: pause in growth, pause in hiring, pause to reconsider exactly where our companies are heading — or need to head — if we are to meet our owner-based goals. For most small business owners, not only is their company their source of income, it may very well represent their most valuable asset. Yet few people truly understand what their business is worth, how much equity they need to take out of the business to meet their retirement goals, and how to design a plan that will ultimately allow them to “leave their business in style.” Unfortunately, maximizing the value of a business, identifying a suitable successor, and maximizing the equity you will take from that business while minimizing your tax exposure takes years of planning; it’s not something that can simply be done overnight. CONNstruction / Summer 2009 / 31

Table of Contents for the Digital Edition of CONNstruction - Summer 2009

CONNstruction - Summer 2009
Adapting to Change
The Future will be Lean and Green
Think Regionally, Act Regionally
Demanding Notice and an Opportunity to Be Heard When a State Agency Changes its Rules: A Call for Democracy
U.S. Supreme Court Expands Employee Protection Against Retaliation
ConsensusDOCS™: Dare to Change
Reauthorization of Federal SAFETEA-LU
Get on the Bus: LiUNA
Get on the Bus: LiUNA
Economic Downturn Gives Owners Time for Business Exit Strategy Planning
AGC/CT Annual Meeting
CONNDOT-CAAPA Paving Conference
Senator Lieberman Visit
UCAC’s Spring General Membership Meeting
Local 478 Education Trust Dinner
Index to Advertisers

CONNstruction - Summer 2009