"How to Kick Start Your Succession Plan Panel"
8:00 a.m. - 8:30 a.m. - Continental Breakfast & Registration
8:30 a.m. - 10:30 a.m. - Program
As part of our overall programming theme for the year at the Institute for Family-Owned Business: "Growing and Protecting Your Family Business", this workshop is the first in our 3-part Educational Series. The series consists of three seminars/workshops that fall under the umbrella of the "A-R-T of Family Business."
The first two will be held at Husson University, Southern Campus in Westbrook. The final program will be held at the Lunt Auditorium, OceanView at Falmouth. You can come to one, two or all three as each provide unqiue topics for discussion. Open to all members and future members of the IFOB!
A - is for "Action" - How to Kick Start Your Succession Plan
R - is for "Reaction" - Best Practices to Manage Taxes Now and in the Future
T - is for "Traction" - SBA Panel Showcasing Federal & State Resources including an IFOB Associate Partner / Member Services Showcase
Action – “How to Kick Start Your Succession Plan Panel”
The first program will address questions such as: what are the obstacles to succession planning, what questions to ask to begin the process and who to turn to for guidance. The goal is for business owners and family members to be better prepared when they begin the succession planning process.
Through a moderated panel, each panelist share their own unique experiences in helping business owners with their succession plan. The panelists will address key questions that owners need to ask themselves at the outset of the process. The Program will also cover unique transition considerations for family-owned businesses and overcoming obstacles.
Moderator: Tony Payne - Vice President / Business Development, Clark InsurancePanelists:
David V. Jean, CPA, CCIFP, CExP - Founder/Director, Altus Exit Strategies, LLC
Tony, a native of Maine and graduate of Hobart College, is responsible for the agency’s business networking, civic engagement and communications planning. Prior to joining the agency, he served as Executive Director of the Alliance for Maine’s Future, a Regional Vice President at OneBeacon Insurance, Vice President of Underwriting & Marketing at MEMIC and the President of Maine Media. He is the current Chair of the University of Southern Maine Board of Visitors. He has been active in numerous civic and non-profit organizations over his 40+ years in the business community and was awarded the Maine Public Relations Council’s Edward L. Bernays Award for lifetime achievements in public relations.
David has provided financial accounting, tax and consulting services for closely-held businesses for 25 years. He is an expert in identifying exit and succession planning objectives, upholding business continuity, and planning for personal wealth and estate. He is a well-published, active community and industry service leader and has developed and taught numerous seminars on tax, finance, and exit planning. David is a member of the Institute for Family-Owned Business and the Business Enterprise Institute, Inc.
Timothy Benoit - Attorney, PerkinsThompsonJeannine Pendergast - Vice President, Senior ESOP Client Advisor, Spinnaker Trust
Tim is a shareholder and director of Perkins Thompson, a Portland based law firm. He provides legal counsel to individuals and entities to create and maintain successful business enterprises. He has been involved in many merger and acquisition transactions as counsel to either the acquiring or the acquired entity. In addition, Tim provides estate planning to individuals and integrates his business practice with his estate planning practice to assist clients develop an orderly succession plan for their businesses. Representative projects include tax-free reorganizations, recapitalizations of corporations and limited liability companies, formation of ESOPs, forward and reverse 1031 Like Kind Exchanges, and negotiation of shareholder agreements and LLC operating agreements. He is included in The Best Lawyers in America© 2017 in the field of Tax Law and has an AV Peer Review Rating from Martindale Hubbell, the highest rating available.
Jim Lyon - Founder, Summit 9 Consulting
Jim is a seasoned executive with startup through Fortune 500 experience in marketing, sales, finance, IT management, and strategic planning. Since 2006 he has been helping Maine businesses achieve record revenues and manage all the challenges of growth and succession. He helps clients in many industries including retail, manufacturing, services, healthcare, construction, and more. His clients achieve their definition of success by learning to overcome obstacles and to apply better business practices. Jim has an MBA from the University of Chicago and a BA in Economics from Grinnell College.
A native of Rochester, NY Jeannine began her career in public accounting for companies in all industries, including employee benefit plans. She joined Stewart’s Shops Corp, a company that sponsored a large ESOP plan in Saratoga Springs, NY. As an internal trustee for the plan, she managed the administration of the plan, including internal record keeping; repurchase obligation studies, annual stock valuation analysis, education and advising on day to day operational issues. Jeannine joined the Spinnaker Team in 2015 where she ensures all Spinnakers’ fiduciary obligations are fulfilled and strives to be a trusted resource for all their ESOP clients.
For more information contact: firstname.lastname@example.org
Remote access is available to dial in. You must have hi-speed Internet access and a camera on your computer to connect and dial-in to the forum remotely. If you are dialing in to the workshop you must pre-register so we can send you the remote instructions.
Thank you to our Sponsors: