Business Succession Planning
Business Succession Planning



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Course Description

This program was recorded on October 22, 2018

Estate planning is a complicated decision making process, and adding in a family business only makes it more so. Interests frequently diverge when some family members are involved in the business and others are not. Hiring outside management does not necessarily resolve matters. Structures and practices must be put in place to minimize conflict between successive generations and family branches. Governance and procedures can potentially reduce tensions, as can a clear mission statement. Deciding if and when to sell the business, and to how best accomplish such a sale, can ultimately be the most important business decision made.

Attorney Megan Lisa JonesMegan Lisa Jones
Ms. Jones has both a J.D. and an L.L.M. in tax from Loyola Law School, Los Angeles. She finished her L.L.M. with Honors. Undergraduate work was completed at Pepperdine University.

Megan focuses on advising clients on a wide range of business and estate planning issues. Having worked as an investment banker for Lazard Freres and Needham & Company, her grasp of financial complexities provides a solid foundation for corporate transactional or complex trust issues. Ms. Jones also advises on NMTC and LIHTC, and has a California real estate broker’s license.

Megan’s clients include individuals, businesses, real estate developers and not-for-profit organizations. She has sold businesses from inside trusts and outside, handling complex S Corporation or public company issues. She has also worked with individuals handling troubling family or other personal complexities in achieving an optimal estate planning solution, and then followed through on the administrative end.

Contact Megan Lisa Jones

2 General Credits

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  1. What is business succession planning?
  2. What structural and tax complexities should be considered?
  3. How and when to split business interests.
  4. When to sell a family business and how to go about doing so.
  5. What estate planning techniques can be put in place to minimize family conflict and protect an operating business?
  6. What obligations do those running the business have to minority shareholders or beneficiaries of a trust that holds a business interest?
  7. What other material factors are relevant for those doing business succession planning?