Shift in Family Business Focus of Next Center for Family Business Event
By Lori Wright, Media Relations
May 2, 2007
In the next decade, an estimated 39 percent of family-owned
firms will experience a change in ownership. Yet all too
often a family business is not able to meet the financial
needs of the owners in their retirement years while continuing
to meet the financial obligations for the business and the
The UNH Center for Family Business will tackle this important
issue at the next business event. “The Next Generation,
Siblings and Cousins: Taking Control of the Family Business” will
be held Wednesday, May 9, 2007, at The Yard Restaurant,
The event begins at 8 a.m. Lunch is included.
A panel of next-generation family business owners and experts
will discuss the different strategies used to pass on the
business and still meet the financial needs of all parties
Topics include the merits of gifting techniques, installment
sales, buy-out arrangements and other options available
to a family business in today’s tax and business environment.
Learn how to retire stock and deal with banks and insurance
companies. Find out about the pitfalls of the various options
available and hear real life examples of bumps in the road
on the highway of transferring ownership.
Guest speaker Tom Davidow will provide information on how
to understand generational patterns, uncover hidden fears
and sources of conflict, and improve communications
RSVP to Barbara Draper at 2-1107, or firstname.lastname@example.org.
Special one-time non-member registration fee $99 per person,
$250 per family.
The center, under WSBE and the UNH Graduate School, is
sponsored by Mass Mutual Financial Group, Thomas Davidow & Assoc.,
Baker Newman & Noyes, Pierce Atwood, MPI Management
Planning, Inc., and Ocean National Bank. It is a membership
program to provide owners and managers of entrepreneurial
businesses with an opportunity to exchange ideas and information
and to discuss business challenges, concerns, and solutions.