One of the greatest challenges of virtually every family business is sustaining and growing the business as business leadership passes through generations of the family. Family cohesion can be a great strength – but that cohesiveness is often fragile and can easily descend into family discord and dispute that threatens the business. It often begins with who will succeed the founder of the business – a family member or a professional? Who will oversee the family’s wealth? If it’s a professional fiduciary, how does the fiduciary mange its legal obligations when the family business is held in a trust? These and many other questions will be addressed in this teleseminar covering the interrelationship of the family dynamic, governance of the family business to avoid disputes, and real-world fiduciary liability issues.
Will the founder give up control – and to whom?
How are family members inside the business treated versus family members outside the business?
What structures are available to minimize or settle future disputes?
Who will the family choose to act as fiduciary – a family member or professional?
How does the fiduciary manage its legal liabilities when the business is in a trust?
The Institute of Certified Bankers This program received the following breakdown of continuing education credit, CTFA: 1.25 FID: 1.25 To obtain continuing education credits, ICB members should submit their credits electronically at http://www.icbmembers.org.
Each price provides online access for 12 months after purchase.