Selling Your Business & Succession Planning

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October 25, 2023 8:00 AM - 9:30 AM

5415 Evergreen Way
Everett, WA 98203
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Welcome to Selling Your Business & Succession Planning, a Money Smart course developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA).

This class will explain how to change the ownership of a business  and will help you develop an exit strategy for retirement.

Time: 8:00 am – 9:30 am

Date: Wednesday, October 25, 2023

Location: 5415 Evergreen Way, Everett, WA 98203

Cost: Free; Coffee and Donuts Provided

Classes are hosted by Katy Woods, Coastal Community Bank Branch Manager, and Certified Coach. Katy joined Coastal as the Monroe and Sultan Branch Manager in 2013, and works with businesses from all stages including startup, growth, and sale or succession. She received her professional Leadership and Growth coaching certifications in 2015. Space is limited!

Learning Objectives

After completing this class, you will be able to:

  • Explain how to change the ownership of a business through selling, closing, or handing the business to successors.
  • Explain how to establish an exit strategy for retirement which includes a succession plan, transferring ownership of the business, and paying taxes.


  • Determining if a Business Should be Sold
  • Selling a Business
  • Closing a Business
  • Planning Succession
  • Planning Retirement