Selling Your Pharmacy: An Action Plan, sponsored by Live Oak Bank

Saturday, October 6
8-2 p.m.

5 hours of live CE credit.

Don't do succession by the seat of your pants. Successful pharmacy owners need an exit strategy. From valuating your enterprise to tax strategies, this program will explain your transition options and help you plan for your pharmacy’s future.

Walk away with:

  • Tools to manage risk and maximize financial and legal resources when planning your business succession.

  • Answers to your questions from a panel of financial planners, accountants, lawyers, and retirement experts.

  • An understanding of your transition options, including how to preserve your pharmacy's legacy.

  • Resources on making the most of your investment to fund your retirement or next venture.

Lawrence Barrett, Independent Pharmacy Consulting Group, LLC; Scott Weaver, PRS Pharmacy Services; Jeff Baird, Brown & Fortunato, PC; Ollin Sykes, Sykes & Co., P.A.; Jimmy Neil, Live Oak Bank

Pharmacist and Pharmacy Technician Learning Objectives:

  1. Create individual goals for your business transition situation.

  2. Outline various methods for managing risk and maximizing resources from business succession.

  3. Explain the financial documents that a banker will consider in reviewing a buyer's investment in your business.

  4. Explain three common financial errors made by small business owners.

  5. Discuss the legal process and documents involved in the sale of a pharmacy.

  6. Summarize the details to transfer the ownership of a pharmacy and the local, state and federal agencies that must be dealt with to close a transaction.

  7. Evaluate any financial or corporate structure changes that may be beneficial to your business in the years that approach transfer of ownership.

  8. Discuss how a banking institution will value your business for purchase by a buyer.

  9. Outline basic requirements for a successful junior partnership transition.

Register Online
Download a Pre-Convention Program Registration Form