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"This morning's conference was great!  It was a wide range of participants on the panels and that was a great way to hear a wide view of options and ideas from the panelists!  Kevin Hancock gets my vote for most open, honest and helpful answers to questions. He was outstanding and his thoughts today were very heartfelt and honest.  Take away the layers of "facade" and discuss the truth of what it's like and how you face the issuers."
- Janet Cole Cross, Career Coach, Cole Cross Connections, LLC


“HOW-TO”: Succession Options Program

  • April 28, 2022
  • 8:00 AM - 10:00 AM
  • BerryDunn – 2211 Congress Street, Portland, ME 04102 and Zoom

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How To’s for Family Business:
 "How-To": Succession Options Program

Thursday, April 28, 2022
 8:00 – 8:30 a.m. Continental Breakfast, 8:30-10:00 a.m. Program

During this program, attendees will hear from a panel of family-owned businesses who have both family members and non-family members working at the top level of the business, with each business at a different stage of the succession process including an ESOP.

The panel will include Brett Wickard, founder of Bull Moose Music & FieldStack, and Mike Davis, president & owner, Industrial Roofing Company. Each speaker brings a unique position to the discussion. Kevin Haley, partner at Brann & Isaacson will lead the group, touching on the below: 

  1. Introduction of succession planning as an issue and discussion of the challenges that it presents, legally and financially
  2. Introduction of several models of succession planning and pros/cons of each:  gift/sale to family, sale to senior manager or managers, ESOP, sale to third party, testamentary disposition
  3. Discussion of planning time frame and preparations that make sense:  estate planning, valuation, identification of prospects, incentivizing senior managers to stick around.
Advisor:

Kevin Haley, Partner, Brann & Isaacson 
Kevin’s practice includes corporate law, commercial transactions, trademark and copyright matters, privacy and data security counseling.  He works closely with businesses in Maine and around the country on corporate issues, including organization and strategy, mergers and acquisitions, commercial lending, and other commercial transactional matters. 

He has a particular expertise in commercial transactions common in the catalog and online retail space, https://www.brannlaw.comincluding licensing, all manner of online advertising, print, paper, and traditional advertising.  Kevin advises clients on trademark and copyright issues, including strategies for identifying and protecting intellectual property as well as dealing with claims of infringement. Kevin’s first priority is to help the client identify and then achieve its critical business outcome–developing and executing strategies tailored to that purpose.

Kevin is a leader in the catalog and online merchant community, serving as counsel to the New England Mail Order Association (“NEMOA).   He handles trademark and marketing issues for L.L. Bean, Inc.  He is as an adjunct faculty member at the University of Maine School of Law, teaching and guest lecturing on issues relating to trademarks, unfair competition, and internet law.

Family Business Speakers:

Mike Davis, President & Owner, Industrial Roofing Company
Mike Davis is the President and an Owner of IRC Industrial Roofing Company in Lewiston.  IRC has become Northern New England's leading commercial roofing services firm with over 100 employees.  IRC won the IFOB Customer Service Award in 2012 and IRC has also received several safety related awards, including being one of only 3 contractors in Maine to achieve the Platinum Level STEP Award through the Associated Builders and Contractors.   

Mike earned a chemical engineering degree from the University of Maine, an MBA from the New York Institute of Technology, and spends most of his time outside of work with youth sports.  If there is any spare time left, he likes to “chase my kidson        https://www.ircmaine.comthe ski hills and try to catch a few fish on Casco                 Bay.” 


Brett Wickard, Founder, Bull Moose Music & Field Stack
Brett Wickard founded his first company, Bull Moose, in 1989 after his junior year at Bowdoin College. Wickard oversaw Bull Moose's rise to become the largest retailer of music, movies, games, and books in northern New England. Wickard then founded Crickery Wood - a provider of point of sale software and services. Wickard's newest company, FieldStack, fuses inventory, point of sale, loyalty, and eCommerce modules with enhanced analytics, decision making and automation into a Lean Retail platform for medium to large sized retailers.




 

For more information, contact Brooke Stewart, Director of Communications at brooke@fambusiness.org or 207-281-2414

Thank you to our Sponsor:


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