Date: June 23, 2020 - June 30, 2020
Nixon Peabody’s Allan Cohen will be participating in this three-part webinar series on issues that have become even more important to closely-held and family-owned businesses preparing for what lies ahead.
Session One: Shareholder Agreements—Company Management and Buy/Sells
Family-owned and closely-held businesses often overlook, or live with outdated, shareholder, operating and partnership agreements. As a result, disputes among owners are all too common and fertile ground for litigation. In addition, planning opportunities are missed that would inure to the financial benefit of the business owners and their family owners.
Session Two: Preparing Your Company for Sale—Getting Ahead of the Issues
The current economy may either hasten or delay business owner exits. In either case, it’s never too early to think ahead regarding what buyers are looking for, how to position yourself for sale, how you can maximize the value of your business, and strategies for financially planning in order to net the most after-sale dollars and provide for your future.
Session Three: Equity-Based Compensation—Attracting, Retaining and Incentivizing Key Employees
To paraphrase a great businessperson, for many businesses, your assets walk out of the (virtual) door each evening. You have to make sure that they come back the next morning. Arguably, no tool is more valuable in this regard than equity-based compensation such as phantom stock or stock options. They are tools frequently contemplated, but still underutilized.