Mary Nicoletti The Initiative for Family Business & Entrepreneurship, St. Joseph's University
Tuesday, May 9, 2017 | 9 - 10 a.m.| HERSHEY® Lodge Session 1: “How to Resolve Family Conflict Quickly to Inspire Commitment and Greater Productivity.”
Presented by: Mary C. Nicoletti, Director, The Initiative for Family Business & Entrepreneurship, St. Joseph’s University
Disagreement in a family business is inevitable and the resulting conflict can have either good or bad effects, depending on how you handle it. When you pro-actively address the underlying issues, innovation, productivity and commitment soar. When avoided, your business is in trouble.
Whether it’s lingering passive aggression from an ancient, unresolved dispute, or jealousy and mistrust among family members due to differing levels of investment and advancement opportunities within the business, unhealthy conflict, if ignored can potentially lead to the breakdown of both the family and the business.
Make sure the bad blood from the business doesn’t make it to your dining room table. Join us for this interactive seminar and leave with an active plan to manage family conflict for the betterment of your business.
Howard Dorman, CPA Mazars USA LLP
Tuesday, May 9, 2017 | 10:15 - 11:15 a.m.| HERSHEY® Lodge Session 2: "A Timeline to Family Business Succession"
Handing over the reins of your family business can be challenging. There are many things to consider as you develop an exit strategy. The tax implications can be overwhelming as you consider gifting, valuation, sale to a third party, ownership transfer to family member(s), and tax and estate planning issues.
Howard Dorman, CPA, partner, Mazars USA, regularly works with family-owned and managed companies in the food and beverage sector. He is currently working with several companies who are in the third generation of ownership.
He will provide real solutions and planning strategies to assist you as you start the succession planning process.
Tuesday, May 9, 2017 | 11:30 a.m. - 12:30 p.m.| HERSHEY® Lodge Session 3: "All Things Family Business Succession"
Panel Discussion Moderated by: Mary Nicoletti, director, The Initiative for Family Business, Saint Joseph's University
Panelists: Joe Fasula, owner, Gerrity's Supermarkets, Scranton, PA Richard McMenamin, McMenamin Family ShopRites, Philadelphia, PA Sean McMenamin, McMenamin Family ShopRites, Philadelphia, PA Cleo Weaver, Triangle Refrigeration Company, Leola, PA David Nesland, president, Triangle Refrigeration Company, Leola, PA
What’s it like to step back from the family business when you’ve been the one in the corner office? What’s it like to be the next generation transitioning into a leadership role? Many families focus on the mechanics of succession planning, but implementing a seamless transition for its dynamic leaders is one of the real secrets to a successful family business succession. In fact, statistics show that many family businesses do not have a formal successionplan and have not even identified a successor.
Whether you are in the midst of succession or you are ten years away, your family will benefit from this opportunity to explore all things family business succession. You will hear from panelists representing family businesses that have successfully navigated succession. Both senior generation and next generation will share their personal succession experiences.