This critically important session focuses on the areas of business succession, estate planning, and liquidity issues for the privately held business owner so that they will be able to successfully transition the business to the next generation or other successors. Attention is also given to non-family closely held businesses that will assist these owners in protecting their business and how to best position for a future sale. Some of the key topics addressed will be: most tax efficient buy/sell agreement structure, valuation methodologies that will satisfy the IRS while reducing taxation, various types of trusts, due diligence of life insurance, addressing family issues within a family business, and more. The content discussed can make the difference in the long-term survival of your business and is a must attend event for all business owners!
Learning Objectives:
- How to structure the correct type of buy-sell agreement for your company
- Ways to significantly reduce capital gains and estate taxes
- The importance of proper liquidity planning related to business succession and estate planning
- Why having an already established business succession and estate plan may actually be worse than no plan at all
- Substantial change in tax law in the near future
This session is FREE to attend and located in the Best Practices Learning Center inside the Expo Hall. Availability is on a first-come, first-serve basis, and space is limited.
Speakers:
Lee Resnick & Terry Resnick
Partners, Resnick Succession Group
Terrance K. Resnick and Leon B. Resnick, identical twins, are partners in Resnick Succession Group (formerly Resnick Associates), a nationally recognized business succession, estate planning, and life insurance advisory and implementation planning firm with offices in Philadelphia and Kansas City. Terry and Lee, previous METALCON presenters, have presented more than 250 acclaimed educational seminars throughout the United States to national, regional, and state business trade associations and co-ops encompassing a vast array of industries. Numerous media outlets, including print, radio and television have featured and interviewed Terry and Lee on the topics of business succession, estate planning and liquidity issues for the privately held business owner. Resnick Succession Group is a co-founder of the Elizabethtown College Family Business Center in Elizabethtown, Pennsylvania, one of the largest college-based family business centers in the United States. Additionally, Terry and Lee are frequent law school lecturers.
Earn Continuing Education Credit:
Approved for 1.0 AIA Learning Unit
