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December 8, 2006 Business Succession Planning Seminar Set Information on keeping businesses going after the owners retire will be available at a one-day succession planning seminar Thursday, Dec. 14, at North Dakota State University’s Carrington Research Extension Center. The NDSU Extension Service’s Center for Community Vitality and the Northcountry Cooperative Development Fund are co-sponsoring the event. John Logue of the Ohio Employee Ownership Center at Kent State University will discuss how corporations can sell stock to employees to keep businesses viable. He is an expert on Section 1042 roll-overs, which are a way to defer capital gains taxes by selling at least 30 percent of a company’s stock to employees. “Business retention and expansion is an important economic development strategy,” says Kathleen Tweeten, Center for Community Vitality director. “Employee ownership is one way to retain a business in a community.” The seminar will run from 11 a.m. to 3 p.m. The cost is $10 per person, which include a break and lunch. The registration deadline is Tuesday, Dec. 12. The first six businesses that register can participate in a one-on-one consultation with Logue. For more information, contact Tweeten at (701) 328-9718 or kathleen.tweeten@ndsu.edu, or Bill Patrie, Northcountry’s director of cooperative business strategies, at (701) 663-3886 or bill@ncdf.coop. ### Source: Kathleen
Tweeten, (701) 328-9718, kathleen.tweeten@ndsu.edu |
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North Dakota State University |
