Successful Transitions | The Value of Shareholder Agreements, ESOPs … and the Next Generation’s Search for Purpose

Operating A Privately Held Business

Key Considerations in Shareholders’ Agreements

A shareholders’ agreement will typically benefit both majority and minority shareholders by providing certainty as to governance, succession, retirement planning and method of resolving disputes. But depending on who you are, the perspective, needs and benefits of a shareholders’ agreement will be different. Knowing when and how to create one is also important. Read more >>

Intra-Family Transitions

Legitimacy: The Fuel Behind Success

While success, wealth and prominence very often co-exist, they are also not the same … or guarantee a meaningful life. As emerging generations of wealthy families search for a better paradigm, many are now on a quest to find internal legitimacy as a path to purpose. Read more >>

Partner & Employee Succession Planning

Sharing Success Through an ESOP

Employee stock ownership plans (ESOPs) can provide significant benefits simultaneously to company shareholders, management and employees. We take a closer look at the optimum makeup of an ESOP-ready company, unpack the collective benefits for all ESOP stakeholders and provide best practices for implementing an ESOP — all with the objective to help you adopt this powerful business-enhancing tool. Read more >>

The Outright Sale

Webinar: Strategies for Positioning Your Company for Sale and Tax Considerations

In June, leaders from our Center for Private Business Owners hosted an insightful webinar where they discussed tax reduction strategies for the sale of a business and how to effectively position the company for a highly successful transaction. The current M&A market, valuation drivers and how to determine ideal exit timing were covered. Valuable insights into personal income tax and charitable planning were also shared. Catch the replay of our webinar here >>

Book Club

The Quest for Legitimacy: How Children of Prominent Families Discover Their Unique Place in the World 

Discover how the children of prominent families pursue their own path while contributing to their family’s legacy in “The Quest for Legitimacy.”

Accomplished family and private wealth consultant Dr. James Weiner delivers a unique and eye-opening discussion of the rising generation’s quest for self-determination in the shadow of a larger-than-life family. The author relies on qualitative research conducted on wealthy families to explore topics like:

• Rites of passage in prominent families and what liberation for young family members actually looks and feels like.
  
• Separating from and returning to your family while finding people to trust on your journey.
• How to deal with the long shadows cast by wealthy family members.
  
  Perfect for members of wealthy and accomplished families, as well as the people who advise them, “The Quest for Legitimacy” is an essential read for anyone navigating the complex dynamics of accomplished families. Find it here >>