There are inherent risks to running any business, but family-owned companies face their own set of unique challenges.
Closely held business owners, stakeholders, and managers can learn more about how to handle and avoid those obstacles at the 2019 Family Business Conversation event on Thursday, July 25 at the Raleigh Country Club. The forum is hosted by the Triangle Business Journal.
Ward and Smith business attorney Deana Labriola will join John Ward and Dixon Hughes Goodman tax partner Jason Wilkinson for a panel discussion on a wide range of topics including:
- What should owners of a family business do when it is clear the next generation does not want to work in the business?
- How can family businesses retain key non-family employees fairly, and encourage their ongoing efforts and loyalty?
- What's a buy-sell agreement and why should all family businesses know about them?
- What are the pitfalls family businesses face when an owner or an heir marries or divorces?
- How to handle taxes? What are the implications for the transfer of ownership that family businesses in particular need to understand?
- How can life insurance products help "grease the skids" of a complicated estate plan?
- What's the average time it takes to put a successful business succession plan into place?
The 2019 Family Business Conversation starts at 7:30 a.m. Tickets are $35 per person and can be purchased here.