For business owners, planning a retirement can be a challenging and emotional undertaking. Find out how an employee ownership model can set you and your business up for success.

Oftentimes, business owners rely on income from their business to fund their retirement and may not have well-funded retirement or pension plans that they can rely on. Additionally, business owners nearing retirement worry about what will happen to their employees, vendors and customers if they leave the business.

For many, selling the business to an outside buyer seems like the best decision at first, but in the current market only 1 in 5 businesses ever sell, leaving business owners in a difficult position.

One lesser-known option that retiring business owners should consider is selling all or part of a business to their employees, an option that can offer business owners:

• A fair market price on the sale of the business;

• Significant tax benefits

• No broker fees;

• Potential financing to support the purchase;

• and a flexible timeline and terms of sale.

Join us on May 24 at 1pm to learn more about the process, benefits and types of employee ownership models and find out if this option is the right retirement solution for you and your employees.

Supporting Organizations:

Rebecca Lurie, Cooperative Solutions Working Group

Brooklyn Navy Yard

Consortium for Worker Education

Grant Associates

Henry Street Settlement

The Hope Program

Hot Bread Kitchen

Jobs First NYC

Lower East Side Employment Network

New York City Deputy Mayor's Office for Strategic Policy Initiatives

New York City Employment and Training Coalition

Nontraditional Employment for Women

Opportunities for a Better Tomorrow

Owner to Owners