Title: Transfer of Business Ownership Location: Long Island City Conference Center 41-21 27th Street, Long Island City, NY 11101 Link out: Click here Description: This informative panel discussion will focus on Ownership Transfer and the implications for you, your business, your family and employees. Selling or transferring a business requires long-term planning to ensure you [&hellip
Succession Planning Archive
EXIT STRATEGIES FOR THE FAMILY BUSINESS
Title: EXIT STRATEGIES FOR THE FAMILY BUSINESS Location: The Chrysler Building 405 Lexington Avenue • 22nd Floor New York, NY 10174 Link out: Click here Description: Topics include: Growing the Business to Maximize Valuation Advance Planning for an Exit Strategy Different Exit Strategies for the Family Business Estate Planning for an Exit Strategy Featuring presentations [&hellip
Next Generation Leaders Peer Group
Title: Next Generation Leaders Peer Group Location: ITAC 39 Broadway Suite 1110 New York, NY 10006 Description: This group is suitable for potential successors working in the family business. The peer group has these benefits: • A safe place where Next Generation Leaders interact with others facing similar leadership challenges. It fosters a community where [&hellip
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
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
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
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
Practical Succession Planning: Transition Planning that Works
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
When Your Parents Pay Your Salary
“Differences are unavoidable between generations,” says family business consultant Ed Rosenfeld. “The senior generation generally has an interest in preserving what they’ve built and an economic incentive to protect their retirement. The younger generation feels pressure to grow the pie in a shorter time frame, or they’re not going to get the lifestyle that they [&hellip