Succession Planning Roundtable: What's Behind the Curtain?... The Details of Buy-Sell Agreements
Event Sponsors
Date and Time
Thursday Nov 2, 2023
8:00 AM - 9:30 AM EDT
Thursday, November 2, 2023
7:45-8:00 a.m. - Registration/Coffee
8:00-9:30 a.m. - Session
Location
Ohio Dominican University
Griffin Student Center - ROOM 258
1215 Sunbury Rd.
Columbus, Ohio 43219
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Fees/Admission
Free for Conway Center members.
Contact Information
Amy Dotts, COO
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Succession Planning Roundtable: What'...
Description
What's Behind the Curtain?... The Details of Buy-Sell Agreements
A well-drafted and executed buy-sell agreement can go a long way toward ensuring the multigenerational longevity of your family business. It can help to protect the family, the company, and can provide peace of mind about the future for family business owners.
Join us in person as we pull back the curtain to dig deep into the details of buy-sell agreements. Discussion will include:
• Who should own? Who are “Permitted Transferees?” Who should be?
• The 4 D’s (death, disability, d.i.v.o.r.c.e, and dissension)
• Calls and Puts
• Drag Along and Tag Along
• How to determine fair market value if buying out an interest…and values depending on circumstances
• What happens if the buy-sell agreement is TOO restrictive?
Bea Wolper of Emens Wolper Jacobs & Jasin and Meredith Sugar of Taft/ will facilitate this discussion, give practical guidance, and answer any questions you may have. Don't miss this opportunity!
Generously sponsored by Morgan Stanley
It is never too early to think about succession planning in a family owned business! This dynamic quarterly peer group is facilitated by Bea Wolper of Emens Wolper Jacobs & Jasin Law Firm and Meredith Sugar of Taft/. They provide a forum to discuss all aspects of succession planning - from inter-family dynamics to strategic planning - in interactive sessions that will provide the foundation for transitioning your family business to the next generation. This program is not just for founders/owners; attending together with successors or next gens is very important and beneficial.
