UNC Asheville Family Business Forum Joins The Network of Family Businesses

NEWS RELEASE

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FOR IMMEDIATE RELEASE:

UNC Asheville Family Business Forum

Joins The Network of Family Businesses

President of The Network of Family Businesses, Steven K. Moyer, stated this collaboration and partnership is an exciting step in continuing to provide a growing network of families in business access to educational resources as they strive to build their family legacy.

The UNC Asheville Family Business Forum with Strategic Partners is a resource to help business owners maximize the overall well being of their business and to transition successfully to the next generation. The Family Business Forum is an ongoing professional development and awareness-raising environment specifically designed for family owned and closely held businesses.

Guided by its members and supported by the Strategic Partners the Family Business Forum presents programs and activities that are meaningful and relevant to the membership. The programs originate from member feedback, hot topics of the moment, and other scientific methods family businesses put to use. Not many of us get it right the first time, so it helps to hear what the others are doing, said Cindy Clarke, Executive Director.

The Network of Family of Businesses is an exclusive online network that connects families who want to stay on top of trends while building their family legacies. The online organization, www.netfamilybusiness.com, was developed to meet the businesses owners’ limited time and schedule to get away from the office and attend seminars. An online meeting place also cuts down on the increasing cost of travel.

The Network of Family Businesses has over 600 Family Businesses including The Initiative for Family Business & Entrepreneurship of St. Joseph’s University, The High Center for Family Business Elizabethtown College, Family Business Center Madden School of Business @ Le Moyne College, and The Wilkes Family Business Alliance, and The Family Business Forum at Alvernia University.

For more information, or to discuss how The Network of Family Businesses may be able to serve your Family or organization.

The Network can be reached at steve@netfamilybusiness.com or 215-256-5997.

Weaving An Estate Plan Into A Succession Plan

With Tim Crisafulli, Esq. & Doug Gorman. Esq.

All business owners must face the inevitable:  the day will come when they will no longer own and operate their businesses.  Although a business owner cannot know whether retirement, disability, death, or a simple desire to try something new will be the cause of his or her departure, it is sure to happen.

           

By effectively planning an exit, a business owner can ensure that his or her business lives on after his or her departure.  In addition, the business owner can “cash out” rather than simply close up shop.  He or she can provide for a graceful transition to subsequent owners, whether they be family, trusted employees, or third-parties.  Sound planning can reduce the risk of an untimely death destroying a business’s value, leaving an uncertain future for the owner’s loved ones.

In this webcast, attorneys Douglas J. Gorman and Timothy P. Crisafulli will discuss select strategies for business succession planning and helpful estate planning techniques.  They will review essential provisions in organizational documents and transitional documents, ways to structure life insurance ownership, strategies to minimize taxes and retain control, and methods for achieving a metered ownership transfer.

Timothy P. Crisafulli practices in the areas of tax law, trust and estates, and elder law. Through his trusts and estates practice, Mr. Crisafulli helps families protect, preserve, and effectively transfer
wealth. He utilizes his extensive knowledge of tax law to minimize capital gains, income, gift, and estate taxes. He administers estates through all stages of probate, representing both fiduciaries and beneficiaries in litigation.

Douglas J. Gorman concentrates his practice on corporate, commercial and business matters. He provides counsel to businesses at all stages of development.  He assists start-up companies and emerging businesses with formation, choice of entity, structuring and financing, including equity investing and crowd-funding.  He counsels family businesses on corporate governance, shareholder and member relations, fiduciary duty and shareholder and member disputes.  He also advises companies, their owners and executives on exit strategies and succession planning.

Join The Network of Family Businesses for an educational Webinar on Wednesday November 19, 2014 at 11:00 AM Eastern Time, with Tim Crisafulli and Doug Gorman.

For additional information email: steve@netfamilybusiness.com