SUCCESSION PLANNING

During our client conversations, we heard common issues related to succession planning for entrepreneurial companies.

We’ve assembled interviews with a number of company owners who will share their experiences in each of these areas, with some additional commentary from Briggs & Veselka tax shareholder Kevin Lovins, who has advised clients on the financial and oftentimes emotional issues that accompany the sale or transfer of a closely-held company.

Whether a closely-held or a family held business, the transition of a founder/owner presents emotional, financial and operational issues, no matter how much forethought is invested in the transition process. We were fortunate to have some clients and friends of the firm comment on their real-time challenges and considerations in this first of a two-part video on what you might consider when it comes to planning for an orderly succession of your company. You will hear insights from Rod Fernandez, President, Affordable Tours, who runs the company with other family members; Kevin Lovins, A B&V shareholder who specializes in tax planning for closely held businesses; and Sammy Campo, President, Campo Sheet Metal, a soon to be 4th generation company that was founded a century ago.

Whether a closely-held or a family held business, the transition of a founder/owner presents emotional, financial and operational issues, no matter how much forethought is invested in the transition process. We were fortunate to have some clients and friends of the firm comment on their real-time challenges and considerations in this second of a two-part video on what you might consider when it comes to planning for an orderly succession of your company. You will hear insights from Kevin Lovins, A B&V shareholder who specializes in tax planning for closely held businesses; Sammy Campo, President, Campo Sheet Metal, a soon to be 4th generation company; and Grayson Hoberg Proviso Capital, which invests in closely-held and other businesses.

Wealth Transfer

One of the significant challenges in Succession Planning is the transfer of assets, particularly vexing in a family or closely-held business. In this video, you’ll learn about issues related to generational wealth transfer from Sammy Campo, the third generation owner of Campo Sheet Metal and Rod Fernandez, president of Affordable Tours, a very successful online travel company on how they navigated these issues. And Briggs & Veselka tax shareholder, Kevin Lovins, delivers some good news on the tax planning aspects on wealth transfer under the federal tax bill signed a few weeks ago.

Transition Planning: A Buyer and Seller’s Perspectives

Selling your company to a PE firm or to a strategic buyer will present challenges that the owner may not have anticipated. This video presents a transaction from both sides of the table – the owner/operator and the outside investor. These perspectives offer excellent insight even if your transition timeline is years away. Featuring Sammy Campo, President of Campo Sheet Metal, a fourth generation Houston company owned by Sammy and his siblings; and Grayson Hoberg from Proviso Capital which invests in middle market companies to help them grow.

Companies undergo change at all stages of the sales cycle. Managing that change can be a real challenge. Hear three different perspectives on managing transitioning employees, strategies, and company goals to further your business success.