Business advisor and speaker Susan Rounds says all business owners struggle with the "keep vs. sell" decision and that all businesses are in transition. Rounds, a senior vice president with Wells Fargo Wealth Management, says this transition can be by design or default.
Rounds will present "Strategic Positioning of the Family Business and Wealth" at the 2013 Global Automotive Aftermarket Symposium (GAAS) scheduled for May 21-22 at the Hyatt Regency O’Hare near Chicago. Rounds’ session is one of four breakout sessions that will be featured for the first time at GAAS. Each session will be repeated once.
In her role with Wells Fargo Wealth Management, Rounds helps her clients approach business succession planning in a holistic manner that encompasses both business objectives and family objectives.
"The key is to develop an integrated strategic plan that will maximize value and minimize taxes whether the business will be sold to a third party, or transferred to the next generation," explained Rounds. "Every business owner should plan to attend my session. The information I will present is critical to the survival of any privately-held business entity."
GAAS 2013, with a theme of "Driving Change," brings together industry leaders and experts to examine the issues and trends affecting the worldwide automotive aftermarket and influencing its future. Each year the net proceeds of GAAS are invested in the organization’s scholarship fund to help students get their automotive aftermarket career started. Additional scholarship funding comes from industry contributions from individuals, companies and foundations. To date GAAS, has awarded scholarships to more than 1,600 students representing $1.6 million in aid.