Best Practices for Transition Planning for a Privately Held Business: How to Transfer Ownership and Operating Control to the Next Generation

Level: Advanced
Runtime: 64 minutes
Recorded Date: April 05, 2021
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  • When to start implementing a transition plan
  • Managing the personalities priorities and expectations applicable to inter-generational business changeover planning, (including but not limited to in family businesses)
  • Addressing conflicts of interest and other ethical issues
  • Resolving disputes and avoiding litigation
Runtime: 1 hour, 4 minutes
Recorded: April 5, 2021


When the Founder or other sole owner of a privately held business contemplates transferring leadership and ownership to the next generation, wise and informed legal counsel is critical. This Program will focus on the numerous issues to consider when guiding clients through these important transactions.

This program was recorded on April 5th, 2021.

Provided By

American Bar Association


Richard H. Goldman

Senior Counsel
Sullivan & Worcester, LLP

Richard's practice includes acquisitions and sales of commercial real estate, leasing, financing, probate and estate planning and representation of closely held businesses and non-profit entities. Dick has completed forty hours of mediation training in accordance with M.G.L. ch.233 ? 23C.

Dick was an adjunct professor of law at Boston University Law School from the Fall of 2012 to the Fall of 2019.

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