In family-owned businesses, smart succession planning is the key to sustaining the company in the future with a successful transfer of ownership and leadership to the next generation. To help counsel the family business owners effectively, this guide provides a comprehensive, logical, step-by-step approach to family business succession planning. Each section provides substantive guidance, insights, and resources to help you properly advise business owners, design the structures, and draft the documents to produce an effective, appropriate, and thorough succession plan.
Organized as a comprehensive outline from initial meeting through completion, each chapter explains key concepts, identifies issues requiring attention, provides practice tips, and references additional resources for further assistance.
To help you effectively counsel and represent your family business client, this valuable tool includes guidance on:
The detailed process of family business succession planning
Ethical rules governing the family business lawyer
Planning for the sudden loss of a family business leader
Business restructuring to create better flexibility and economic efficiency
Governance mechanisms tailored to the composition of successor ownership
Key contracts with related and third parties
Financial resources and security for senior owners in retirement
Trusts and trust fiduciaries in family business ownership
And more
Includes an appendix with an outline, checklist, and worksheet.
Sprache
Verlagsort
Produkt-Hinweis
Illustrationen
Maße
Höhe: 251 mm
Breite: 175 mm
Dicke: 13 mm
Gewicht
ISBN-13
978-1-64105-691-5 (9781641056915)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Gregory Monday is a shareholder with law firm of Reinhart Boerner Van Deuren s.c., in Madison, Wisconsin. His practice focuses on helping family businesses with respect to ownership, governance, and succession. He received his law degree in 1993 from the University of Wisconsin Law School, where he has also taught as an adjunct professor. He is a member of the State Bar of Wisconsin and the American Bar Association, and he is a fellow with the American College of Trust and Estate Counsel. His articles about family businesses have been published in periodicals including "Business Law Today", "Corporate Secretary, Trusts & Estates, Estate Planning", and "Family Business Magazine". He also writes weekly posts for his blog, "Monday's Family Business Law" (mondaybusinesslaw.com). For more information about Mr. Monday or to correspond with him, please use the link below.
