The Family Business Crossroads: Plotting Your Company’s Journey
Presented By: Altium / MBO Ventures
No two family businesses are alike, which means exploring options for the future of your family business doesn't always lead to a clean transition from one generation to the next. Join us for a robust and enlightening conversation about succession planning and transitions within family businesses, including whether an ESOP or an outright sale is something to consider.
Moderator:
Partner Founder
Altium Wealth
Mitch Brill is a Founding Partner at Altium Wealth Management. He has extensive experience in the areas of securities, financial services, estate planning, business exit strategy planning and executive benefits. In 1996, Mitch accepted a position teaching financial advisors and in 2003 he founded his own financial services firm called Elite Strategic Partners. Mitch holds a Masters Degree in the Science of Financial Services. He is a Certified Financial Planner, a Chartered Advisor in Philanthropy and has a degree in Exit Strategy Planning. He regularly lectures to professional organizations regarding the creation of efficient financial strategies and portfolios for both individuals and businesses. In 2007, Mitch published the first edition of his book "Keep It, Grow It, Enjoy It, Bestow It". Mitch also co-hosted the nationally syndicated radio show “On the Money”. Mitch graduated from Brooklyn Law School in 1989.
Panelists:
Managing Partner
MBO Ventures
Darren Gleeman is the managing partner of MBO Ventures, an ESOP Investment Bank. An ESOP is a tax advantaged way to sell your company to the employees. When selling to an ESOP, the owners can defer their cap gains on the sale, the IRS subsidizes the sale, the company can run 100% income tax free, and the owners can receive warrants to buy a chunk of the company back in the future.