March 26, 2019
6:00 PM to 8:00 PM (Eastern Daylight Time)
CBA Law Center
30 Bank St
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.
(Includes electronic materials*, dinner, and parking in the public garage at 35 Bank St)
Student Member $15