As part of its “Law Practice Management Series,” the Oakland County Bar Association will present “Succession and Retirement Planning” on Tuesday, Oct. 23, from 6 to 8 p.m. at the OCBA offices in Bloomfield Hills.
Part of any lawyer’s business plan should be succession and retirement planning. Sometimes the “passing of the torch” is slow and methodical and there is time to plan and invest for retirement and identify a successor. Sometimes a death or disability prevents a smooth transition. The program’s experts will discuss the key factors and strategies involved in successful transition plan.
Speaking at the program will be Sal Curcuru of Curcuru & Associates CPA PLC and Derek S. Zachariah of Ameriprise Financial.
Topics of discussion will include:
• The Ethics Behind Transferring a Law Practice: MRPC Related to Sales, Retirement, and Death.
• Methods of Transferring Ownership.
• Finding a Qualified Successor.
• Business Valuation: What is your firm worth?
• The Tax Consequences Involved in Transferring Your Law Practice.
• Financial planning for retirement.
Pre-registration cost is $40 for OCBA members; $30 for OCBA new lawyers (P75866+), paralegals, and students; and $50 for non-OCBA members. Cost at the door is $50 for OCBA members; $40 for OCBA new lawyers (P75866+), paralegals, and students; and $75 for non-OCBA members.
For additional information, or to register, visit www.ocba.org and click on “events.”
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