(Courtesy of NJJBA) On Wednesday, March 9, the New Jersey Jewish Business Alliance (NJJBA) will be hosting the Family Owned Business Forum—a panel discussion centered around family owned businesses. Family owned businesses have always been a staple of American culture. The forum is a great opportunity for business owners to learn from experts with years of experience navigating this complicated landscape to ensure that they remain a staple.
The event is designed to educate business owners about the nuanced aspects of owning and operating a family owned business in our rapidly modernizing world. The discussions will be led by industry-leading experts from the New Jersey area and beyond.
Attendees will learn how to set their businesses up for success by developing a sound corporate structure and putting together a board that supports the business. They will also gain insight into the best ways to transfer ownership of a business between generations, how to plan their estates from a business perspective, and how to weigh their options when considering an exit strategy.
“Family owned businesses are experiencing a generational shift of monumental proportions,” Ted Zangari, chair, multi-disciplinary outside general counsel team at Sills Cummis & Gross. “Tax code uncertainty looms in Washington, capital-intensive upgrades are becoming required to compete effectively, fast-moving employment laws are overwhelming management, and children are stepping away from businesses.”
Now more than ever, family businesses need to be able to prepare for the existential threats headed their way—whether that means debt financing, seeking an equity investment, identifying a merger or selling outright. The organizers behind the Family Owned Business Forum hope to do just that. The NJJBA has assembled a group of expert estate planners, tax professionals, corporate attorneys and bankers who will impart their wisdom to attendees and equip them with the knowledge they need to successfully navigate these uncertain waters.
“The forum is an awesome opportunity for people who are trying to get ahead of the curve,” added Zangari, who also serves as the NJJBA general counsel. “It provides actionable information that has the potential to impact businesses and the families who operate them for the better.”
The forum will be held at Saint Peter’s University in Jersey City, New Jersey on March 9 from noon to 2 p.m. For more information or to reserve your place, please visit www.njjba.com or contact the event coordinator at [email protected].
