Succession Planning

Basics Of Stock Redemptions

by David Gair | Looper Reed & McGraw, P.C. on 5/10/2013

Closely held corporations often have issues come up about succession planning and also about how to structure transactions in the most tax advantageous way possible. Corporate redemption of a shareholders stock is always...more

Maximizing The Value Of Your Business For Your Heirs

by Pepper Hamilton LLP on 4/8/2013

One of the most difficult issues facing the owner of any successful business is how the business, or the personal wealth that it represents, can be preserved for the benefit of his or her family after death. While it is...more

Accounting Firm Mergers

by Russell Shapiro | Levenfeld Pearlstein on 4/5/2013

Merger activity among accounting firms has grown significantly of late. Allan D. Koltin, CEO of Koltin Consulting Group, commented that “2012 was another record year for CPA firm M&A. It represents the fifth consecutive year...more

Business Succession Planning

by Vance E. Antonacci | McNees Wallace & Nurick LLC on 4/1/2013

Introduction - The transition of a family owned or closely-held business is an important event for families. In a prior article, we covered the issues that a business owner faces in general in preparing a succession...more

Estate Planning Insight: Estate Planning After The American Taxpayer Relief Act Of 2012

by Margaret Cronin, Eileen Day | Leonard, Street and Deinard on 3/15/2013

The American Taxpayer Relief Act of 2012 (ATRA) was signed into law on January 2, 2013, ending twelve years of uncertainty concerning the federal estate, gift and generation-skipping tax rates and exemptions....more

Levick Weekly - March 1, 2013: The Libor Scandal; Prosecutors Have A New Plan

by Gene Grabowski, Richard S. Levick | LEVICK on 3/4/2013

In This Issue: - The Food Safety Modernization Act - The LIBOR Scandal - Prosecutors Have a New Plan - Food Safety Compliance - A Hogan Lovells Roundtable - Lessons from the Oldest CEO Succession Plan on...more

Converting Reputation Into Serious Money

by Michael Lasky | Burr & Forman on 2/28/2013

In my previous blog post, I argued that reputation, if converted into brands/trademarks, can be the most valuable asset for a company. While all companies claim to have “brand”, typically the company’s name but it is mostly...more

When A Business Has A Change In Leadership #BusinessLawyer

by Nathaniel H. Wadsworth | Rowley Chapman & Barney, Ltd. on 2/27/2013

Pope Benedict XVI announced recently that he will be resigning his position as the leader of the Catholic Church. While a Pope’s resignation is not common, it is common for leaders of businesses to resign their positions,...more

Insight on Estate Planning - February/March 2013: Strong governance enhances a family business’s value

by Adler Pollock & Sheehan P.C. on 2/21/2013

Too often, family members view their business as a source of wealth without making sure that the company is managed by those best suited for the job. Good governance — carefully documented in writing — can help ensure a...more

What Buyers Really Buy

by Michael Lasky | Burr & Forman on 2/21/2013

In my last blog post, I discussed the importance of making your company attractive to buyers because the need/desire to exit can arise quickly and without warning. In order to make your company attractive to buyers, you must...more

Start At The End (And Work Backwards)

by Michael Lasky | Burr & Forman on 2/14/2013

If you want to get somewhere, start at the destination, and work backwards. Nowhere is this more true than in business succession/exit planning. If you are of the boomer generation, think back to when you started your...more

The University Of Miami’s Heckerling Institute On Estate Planning Conference

by Patrick Lannon | Bilzin Sumberg Baena Price & Axelrod LLP on 2/13/2013

The University of Miami School of Law recently completed its presentation of the 47th Annual Heckerling Institute on Estate Planning. The Institute, which has been held in Orlando for the last several years is the nation’s...more

Succession Planning—Avoiding the Jekyll-Hyde Problem

by Jathan Janove | Ogletree, Deakins, Nash, Smoak & Stewart,... on 2/7/2013

Scenario: A highly regarded leader retires or leaves a company. Over time, his replacement increasingly seems to have come from a different planet. It’s a day to night comparison between the leader and his replacement — Dr....more

Buyer Beware: Reduced Indemnity On Account Of Supposed (Mythical?) Tax Benefits.

by E. Hans Lundsten | Adler Pollock & Sheehan P.C. on 2/5/2013

Originally published in Deal Points: The Newsletter of the Mergers and Acquisitions Committee - American Bar Association - Winter 2013. When the seller of a business or the assets of a business is negotiating the scope...more

Communicate CEO Turnover

by Greentarget on 2/4/2013

More than any other company move, CEO successions form headlines, providing an important indication of an organization’s viability. Executive leadership changes have a profound effect not only on public perception, but on the...more

Focused on Franchise Law - January 2013

by Barry Kurtz on 1/23/2013

In This Issue: - Mark Melton Has Become Of Counsel To The Firm - Franchisor 101: Personal Liability In New York For A Franchisor's Owners - Franchisee 101: Beer & Wine Franchisees Enjoy Protection From...more

Estate Planning: Lessons Learned From Dear Abby Columnist Pauline Friedman Phillips

by Evan Guthrie Law Firm on 1/18/2013

Estate Planning: Lessons Learned From Dear Abby Columnist Pauline Friedman Phillips Pauline Friedman Phillips died in January 2013 at the age of 94 of natural causes after years of battling Alzheimer’s disease. Phillips...more

Business Succession Planning: Time is Not on Your Side

by Burr & Forman on 10/25/2012

There’s a reason why there are countless quotes, clichés, idioms, songs, etc. about time. It’s an equalizing resource. No matter how many times you cross back and forth over the International Date Line, we all have the same...more

Business Succession Planning – So What is It?

by Burr & Forman on 9/13/2012

You are the owner of a closely-held business where you oversee all day-to-day operations. Your typical day is spent handling customer issues, manufacturing issues and administrative issues. By necessity, historically you have...more

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