Creating Clarity in Legacy Planning for the Family Business

Preserving wealth and/or a family business and eventually passing it on to future generations is an important consideration for most affluent family business owners. Making gifts to a favorite charity may be another. Whatever your financial objectives are, incorporating them into a written document called a Legacy Plan helps ensure that they’ll be carried out [&hellip

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Creating Accountability in the Family Business

Creating accountability is one of the biggest challenges faced by the family owned businesses. At times accountability can be difficult to maintain for family members. When businesses mix family and business relationships without a structure for separating those very different areas two things can result: Family members are not managed according to business standards and [&hellip

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An Integrated Approach to Transition and Exit in a Family-Owned Business

Title: An Integrated Approach to Transition and Exit in a Family-Owned Business Location: GARDEN CITY HYATT PLACE near Roosevelt Field at FIVE NORTH AVENUE Link out: Click here Description: About the Program: Managing succession in a family-owned business can be fraught with conflict. Successors often are chosen in accordance with family and ownership considerations rather [&hellip

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SUCCESSION PLANNING: The often-knotty problems of family businesses trying to stay that way

Quote by Edward S. Rosenfeld: Management Versus Ownership Edward S. Rosenfeld, a family business consultant in New York City, says that an increasingly common issue in succession plans these days is working out the differences between the management and ownership of family businesses as they make a transition. As successive generations produce more family members [&hellip

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Showing Them the Door: Transition and Exit in a Family Business

Title: Showing Them the Door: Transition and Exit in a Family BusinessLocation: Family Firm Insitiute New York Study Group Offices of Rothstein Kass New York, NYDescription: Inertia can destroy value in a family owned business. This case study is a progress report on getting 3 cousin branches of a three generation family business to overcome [&hellip

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Family Business Seminar at Blank Rome LLP

FAMILY BUSINESS SEMINAR Blank Rome LLP One Logan Square, Philadelphia PA 19103 Live Live Web Stream Blank Rome LLP The Chrysler Building New York, NY November 1, 2013 10:00 AM – 2:00 PM [Event] Learn what does and does NOT work for family businesses. Topics will include: Best Practices for a Multi-Generational Family Business The [&hellip

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Planning for Successful Transitions and Growth: A Symposium for Closely-Held Manufacturers

Title: Planning for Successful Transitions and Growth Location: Blank & Rome LLP The Chrysler Building 405 Lexington Avenue New York, NY Link out: http://www.itac.org/Events/TransitionGrowth/index.html Description: A Symposium for Closely-Held Manufacturers Topics and Workshops: >Maximize the value of your business. >Select and develop the people you need to lead your business >Manage change so conflict is [&hellip

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Practical Succession Planning: Transition Planning that Works

Title: Practical Succession Planning: Transition Planning that Works Location: 103 Waverly Place New York, NY Description: Edward Rosenfeld presents video case study and workshop on family business succession and exit planning. Start Time: 10 am Date: 2012-08-07 End Time: 12:30 PM Vistage08_07_

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Crowdfunding and Raising Captial on the Web: The Impact of the JOBS Act

Title: Crowdfunding and Raising Captial on the Web: The Impact of the JOBS Act Location: 39 Broadway Suite 1110 New York, NY 10006 Link out: Click here Description: Live and as Webinar. To register for Webinar http://crowdfundingwebinar.eventbrite.com/ The JOBS (Jumpstart our Businesses Act) passed in April with bipartisan support. The legislation represents a new paradigm [&hellip

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The Secrets of Your Succession

Edward Rosenfeld, a family-business consultant, recommends families answer several questions on succession: Is there an objective process for the younger family member to develop? Is there a measurement for performance and accountability in place? Is there a business plan in place that operates parallel with the succession plan? Succession and business planning need to operate [&hellip

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