SCORE, mentors to America’s small businesses, in partnership with MassMutual, will offer a workshop for farm businesses entitled Legacy Planning for Farmers. The workshop will take place Thursday, Nov. 21, from 8:30 to 11 a.m., at Governor Hill Mansion, 136 State St., Augusta, ME 04330. For more information or to register, call SCORE Maine at 207-772-1147 or visit https://conta.cc/2o8e4gP.

Maine District Director for SCORE Steve Veazey said the workshop will help farmers plan for a variety of scenarios.

“Helping farm business owners with their succession planning, and leaving a legacy while preparing for a comfortable retirement, really benefits the community at large,” he said. “We want the small businesses in our community to thrive for many generations to come.”

Legacy Planning for Farmers includes topics such as succession planning, retirement planning and estate planning for farm owners. SCORE also offers free, personalized and confidential mentoring sessions in conjunction with the workshop.

This workshop offers attendees a variety of perspectives on preparing for the next stage of their small business. The pros and cons of each scenario is discussed, helping farm business owners to acquire the information they need to plan for the future that best suits their situation. Small business owners should know how to do business valuation, how to choose and prepare a successor, and the steps to take to make sure they are able to enjoy the retirement they envision.