Garvey Schubert Barer and strategic partners Bader Martin, C.O.O. Services, Greene Holcomb Fisher, and USI Kibble & Prentice held the inaugural Family and Closely Held Business Summit at the Grand Hyatt in Seattle on November 5, 2015. The summit addressed pressing issues that family and closely held business owners face today and will face in the future as they seek to grow sustainably and ensure that businesses remain a positive opportunity for generations.
The summit included presentations from professional advisors within various sectors, such as law, accounting, consulting, investment banking, private equity and insurance, as well as an interactive panel to stimulate ideas and discussion. GSB’s Hal Snow and Rochelle Haller presented on the topic of “Estate Planning for Business Owners – You Made it…Do You Want to Keep It?” and David Smith presented “Privacy in the World of Hackers: Preventing and Responding to Security Breaches”, as part of the panel discussion on “Cyberattacks on the Rise: How Small and Medium-Sized Businesses Can Manage Risk and Survive a Breach” along with Michael Basilicato from Bader Martin and Scott Summers from USI Kibble & Prentice.
Other presentations included:
- How to Plan for the Transfer of a Business
- Preserving Value: Tax Considerations in Family Business Transitions
- Business Transitions, M&A, Recapitalizations, and Other Available Transactions for Liquidity and Transferring Ownership
- When Legacy Matters — A Succession Plan that Protects a Business
Cyberattacks on the Rise: How Small and Medium-Sized Businesses Can Manage Risk and Survive a Breach panel
- Security Panel: Protecting Your Business from Cyber Threats
- Cyber Attacks on the Rise: Insurance Perspective and Recommendations
Attendee reaction was very positive, and sentiment indicated that the event should be expanded to include a full day of topics in 2016. The GSB FCHB Practice Group is already working on the next year’s event!
Foster Garvey’s Family-Owned & Closely Held Business practice group comprises strategic advisors and core practitioners who understand the intersection between law and the unique challenges of running a family business. With more than one hundred years of combined experience, our family-owned and closely held business practice offers clients extensive resources and a knowledgeable team of family wealth advisors across the United States.