The 21 Hats Morning Report

The 21 Hats Morning Report

Is This the Succession Plan For You?

In our latest podcast episode, the owners continue the ongoing search for a silver bullet for the Silver Tsunami.

Loren Feldman's avatar
Loren Feldman
Sep 10, 2024
∙ Paid

Good Morning!

Here are today’s highlights:            

  • With new rules coming, the FTC says it is cracking down on fake online reviews.

  • You really don’t need a new phone every year, especially if you take care of the one you have.

  • Here’s why the new compensation rules for real estate agents may end up increasing home prices.

  • You don’t need an eye patch to sell luxury real estate, but it didn’t hurt Clark Halstead.

THE 21 HATS PODCAST

Is This the Succession Plan For You? This week, Jay Goltz and special guests Peter Koehler and Jimmy Kalb discuss the hottest new thing in succession planning. You may recall that earlier this year Peter was a guest on an episode in which he explained how he helped Laura Anderson sell her seafood restaurant to what’s known as an employee ownership trust or a perpetual purpose trust. Both Jay and Jimmy listened to that episode and were intrigued. Both had questions for Peter. So we recorded a conversation in which we discuss what makes a business a good candidate for trust ownership.”

  • The issues we address include: Is this only for businesses that have a save-the-world type of purpose? How much does it cost to create an ownership trust? Can owners sell to a trust and still run the business as they wish? And perhaps the biggest question of all: What can go wrong?

  • You can subscribe to the 21 Hats Podcast wherever you get podcasts.

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