Sep

    Unlocking Private Company Wealth

    12 PM GMT

    According to the SBA, small businesses employ about half of the private sector and contribute over 50% to the nation's GDP.  The wealth attributable to the ownership of these closely held enterprises is illiquid, often highly so.  Indeed, these business owners too often focus only on their business, and not on its value as a principal portion of their individual net worth.  Whether the client intends for the business to be passed down in the family or eventually sold, there seldom is much attention paid to managing the asset as a component of the owner's net worth.
     
    It is important for business advisers to understand how to talk to their clients about these issues. This program will explore the various means of unlocking that illiquid value, so it can be used currently by the owner and his or her family. 
     
    The discussion will cover: 
     
    • An approach to managing this wealth similar to how an individual's liquid assets are managed.
    • Using leverage to fund either a dividend recapitalization or share repurchase to provide current liquidity to the private company owner.
    • Possible use of obtaining a minority investment by a private equity firm.  
     
    Each of these alternatives can provide needed diversification and current liquidity for private company owners and help assure their long-term financial well-being, and that of their family.
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    Cancellations and requests for refunds will be honored on the following basis: Two business days or more, 100% refund; one business day or less, 100% refund minus the $25 administrative fee. Substitute registrants are welcome. The ABA will seek 1.5 hours of CLE credit in 60-minute states and 1.8 hours of CLE credit in 50- minute states in states accrediting ABA live webinars and teleconferences.* Credit hours granted are subject to each state’s approval and credit rounding rules. NY- licensed attorneys: This non-transitional CLE program has been approved for experienced NY-licensed attorneys in accordance with the requirements of the New York State CLE Board for 1.5 New York CLE credits.

    * Scholarship applications are available upon request.

    ** Free Law Student registration is for webcast only. *The ABA does not seek direct accreditation of live webinars and teleconferences in FL, ID, ME, NE, NJ, OH, PA, RI, and WY. Some states allow attorneys to earn credit through reciprocity or self-submission. View accreditation information for your state at www.americanbar.org/mcle.

    Event Details

    Format

    Web

    Date

    Sep 01, 2015

    2015-09-01T12:00:00 2015-09-01T13:30:00 Unlocking Private Company Wealth
    According to the SBA, small businesses employ about half of the private sector and contribute over 50% to the nation's GDP.  The wealth attributable to the ownership of these closely held enterprises is illiquid, often highly so.  Indeed, these business owners too often focus only on their business, and not on its value as a principal portion of their individual net worth.  Whether the client intends for the business to be passed down in the family or eventually sold, there seldom is much attention paid to managing the asset as a component of the owner's net worth.
     
    It is important for business advisers to understand how to talk to their clients about these issues. This program will explore the various means of unlocking that illiquid value, so it can be used currently by the owner and his or her family. 
     
    The discussion will cover: 
     
    • An approach to managing this wealth similar to how an individual's liquid assets are managed.
    • Using leverage to fund either a dividend recapitalization or share repurchase to provide current liquidity to the private company owner.
    • Possible use of obtaining a minority investment by a private equity firm.  
     
    Each of these alternatives can provide needed diversification and current liquidity for private company owners and help assure their long-term financial well-being, and that of their family.

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