Successful Succession Planning for Family-Owned Businesses CLE (EYL190326)

Tuesday, March 26, 2019

6:00 PM to 8:00 PM (Eastern Daylight Time)

CBA Law Center

30 Bank St, New Britain, Connecticut, United States

Presented by the Young Lawyers Section

About the Program

Many attorneys—whether solo or at a small to mid-sized firm—represent businesses that are owned by members of the same family. Many of these clients focus on the day-to-day operations of the organization without giving much consideration to the long-term consequences if someone were to die, become disabled, or retire, or a host of other unexpected events occurs. This program will focus on the key role that proper planning plays to ensure that both the business and the family members individually can continue functioning after facing such an event.

You Will Learn

  • Determine current ownership objectives, manage potential conflicts among successors, and balance the different exit goals of family shareholders/members
  • How to identify the different financial products available that will help facilitate a successful transition for all parties, including different insurance options and tax considerations
  • How to structure shareholders or operating agreements to reduce the risk of ambiguity, including the method of valuing the business, defining triggering events that give rise to a buy-out, possible discounts in certain situations, dispute resolution mechanisms, and related considerations

Who Should Attend

Any lawyer who works with family-owned businesses. 

Cost

(Includes electronic materials*, dinner, and parking in the public garage at 35 Bank St)
Member $75
Non-member $150
Student Member $15

Speakers

david_fasi Andrew_Karlen benjamin_michaelson
David J. Fasi
UBS Financial Services Inc.
Hartford 
Andrew N. Karlen
Law Office of Andrew N. Karlen
Rye Brook, NY 
Benjamin P. Michaelson
Zangari Cohn Cuthbertson Duhl & Grello PC
New Haven


Moderator

Casey A. Olden, Chipman Mazzucco Emerson LLC, Danbury

CLE Credit

CT: 2.0 CLE Credits (General)
NY: 2.0 CLE Credits (AOP)

The Connecticut Bar Association/CT Bar Institute is an accredited provider of New York State CLE. This program qualifies for transitional and non-transitional credits. Financial hardship information available upon request.

*Electronic materials are included in the price of the seminar. Any materials for this seminar will be e-mailed to registrants prior to the seminar for download. No paper copies will be provided unless purchased separately. Please note that refunds will not be granted once course materials have been sent. Cancellations made less than 2 business days prior to event are non-refundable.



Contact

Member Service Center
Email: msc@ctbar.org
Phone: (844)469-2221