Business and Finance attorneys present seminar

Business and Finance attorneys present seminar
Creating liquidity for your closely owned business: Understanding the issues and evaluating the options
May 6, 2014

As the economic recovery continues, business valuations have generally stabilized and are beginning to increase for the first time in several years.  Owners of closely held businesses who have delayed exploring sales or other exit transactions should now begin to consider pursuing these transactions so that they are prepared to execute when the time is right.

Attorneys in the Family Business Practice and the valuation and planning specialists at Marshall & Stevens know all too well that many closely held businesses have been in a holding pattern for the past several years. If the owners were prepared to sell, buyers were not willing to risk buying new assets and certainly not at favorable valuations.

With large amounts of capital accumulating in private equity funds and family offices, there is now substantially more cash available and the operators of these funds and offices are looking for profitable and cash flowing businesses to acquire or invest in.  Based on demographics and pent-up demand, 2014 could be the start of a significant uptick in the number of sale or exit transactions involving closely held businesses.  Owners of these businesses need to start planning for this process now, even if a proposed deal is several years away.

Partners Robert H. Louis and Craig F. Zappetti of Saul Ewing, along with Steven Susel and Mark Santarsiero  from Marshall & Stevens, will offer a complimentary two-hour seminar in the firm’s Philadelphia office on May 6, 2014 from 8 a.m. to 10 a.m. Continuing Professional Education credits will be offered.

The CPE will cover numerous timely issues such as:

  • Preparing your business for sale:  corporate housekeeping, employee relations
  • Business valuation
  • Structuring of potential transactions
  • Succession planning – how to gift shares; how to clean up the company
  • Exit planning; the pros and cons of ESOPs (selling to “my own people”)
  • Tax planning – how to gift shares (relevant again)
  • Estate planning

A 30-minute Q&A will take place after the 90-minute presentation. The seminar is open to owners of closely held businesses, private companies and certified public accountants and other professionals that serve these businesses. Please click here to register for the seminar.

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