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Planning for the Disposition & Management of Closely Held Businesses

 

This webinar is offered in partnership with the Society of Financial Service Professionals.  The Society of Financial Service Professionals will be issuing CPE for this event.  To register please visit:  https://national.societyoffsp.org/events/EventDetails.aspx?id=1289245&group

CE Credits

1 CFP® credit, 1 CPE (accounting) credit, and 1 Professional Recertification (formerly PACE) credit have been applied for.

$5.00 fee per credit.

You must participate in the live webinar in order to earn CE credits. For those requesting credits, a certificate of completion will be emailed to you about a week after the webinar, upon successful completion of the webinar. For CFP® credit, FSP will report your credit to the CFP Board for you after the webinar.

Registration Fee (includes live webinar, PowerPoint, and access to the archived program)

	FSP Members	ALA Members	Non Members
Live Event:	NO CHARGE	NO CHARGE	NO CHARGE
CFP® Credit:	$5	$5	$5
CPE/Accounting Credit:	$5	$5	$5
Prof. Recertification Credit/PACE Credit:	$5	$5	$5

 

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Course Description:

The issues arising from the need to retain key employees/managers in closely held, often family-owned, businesses are analyzed from both the owner’s perspective as well as the key manager/employee’s vantage point. The program puts an emphasis on practical solutions, including equity participation by key employees and phantom/golden handcuff arrangements. The issues related to passing on the family enterprise or selling it are discussed, including how a sale or transfer to the next generation impacts the successful operation of the enterprise and the motivation of the key contributors.

Learning Objectives:

• Examine various ways to retain key employees, including phantom equity and golden handcuffs

• Review the nuts and bolts of assembling a succession plan, including push-pull mechanisms, deterrents to inappropriate puts-calls, one owner setting the price and terms, and the other owner selecting whether they will buy or sell under the terms

• Evaluate the differences and potential pitfalls of family business succession planning

• Assess different ways of transferring management that are unrelated to ownership transitions

The Presenter:

James S. Aussem, JD, AEP  is a shareholder of the Cleveland law firm of Cavitch Familo & Durkin, Co., LPA, a member of its board of directors, and chair of the Business Practice Group. His practice is focused on succession planning, mergers and acquisitions, as well as estates and trusts. Jim is a past president of the national Society of Financial Service Professionals and has served on the Board of the Foundation for FSP. He is past president of the Cleveland FSP Chapter, and received the Chapter’s Financial Service Professional of the Year award in 2014. Jim has been chosen as one of America's Best Lawyers every year since 2009 and for the past 7 years he has been chosen in two categories, Trust and Estates and Corporate Law. Jim is a frequent speaker, facilitator, and instructor for many professional organizations including the Society of FSP, Cleveland Estate Planning Institute, AICPA Advanced Planning Institute, and Cleveland Marshall College of Law, among others. He earned his Juris Doctor degree from Cleveland-Marshall College of Law and his Bachelor of Arts degree from Baldwin-Wallace University.

About CPE/CLE:

* The ALA partners with McDevitt and Kline LLC for certificate issuance. Live, internet-based courses are approved as Distance Learning courses by the PA Supreme Court CLE Board. For additional information, please visit http://www.pacle.org/. Check with your State CLE Board for rules pertaining to live webcasts. These rules differ from state to state. For example, PA attorneys may earn up to 6 CLE credits per compliance period via live webcasts (or 6 out of 12 credits per year); NJ and DE attorneys may earn up to 12 CLE credits per compliance period via live webcasts (or 12 out of 24 credits per two years).

McDevitt & Kline, LLC is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site:www.nasba.org.

Members Click Here To Register!