Advising the Family Business Where Value Matters

The family owned business has all the same challenges as any other business—with the addition of the family “issue.” This two-day workshop addresses critical areas in the family business from a transition and valuation perspective. Addressed are a variety of issues inside the family business, including management, strategic planning, and financial planning. After addressing these general issues, the workshop focuses on specific valuation issues that affect the value, remembering that value may be an issue of the chosen transition strategy. The workshop also includes a section on limited liability family entities. Most often these entities take the form of family limited partnerships and hold non-operating family assets such as real estate and securities.Strategies to use these entities, however, are changing every day as the IRS and the courts address abuses. While Day One addresses more general issues affecting the family—and includes the description of a case study that will be used throughout the two days—Day Two is designed to address the “exceptions” and more specific strategies.