If you’re like most business owners, you have worked hard to build your business and at some point in your life would like to benefit from the fruits of your labor. While you may not be ready to transition your business anytime soon, there are many things to consider, well before you take the next step that will have an impact on your personal wealth.
This event will concentrate on topics related to this process:
- Importance of the exit planning process
- Fundamental value of the business and the factors that impact its potential exit value
- Creating a preliminary exit plan
- Creating a personal wealth plan that is correlated to your business exit plan
- Legal considerations relative to exit planning (eventual transition)
- Options every business owner should consider when deciding how to approach transfer of his or her business either during lifetime or at death
Take your first step toward succession planning by attending this event!
Presented by:
Mary Ognibene, Partner at McConville Considine Cooman & Morin PC
Jui Trivedi, Managing Director at Next Point LLC
Dan Williford, Partner at McConville Considine Cooman & Morin PC
Lee Woodring, Senior Vice President, Wealth Management Advisor, Merrill Lynch Wealth Management – Woodring | Ponticello & Associates, Merrill Lynch, Pierce, Fenner & Smith Inc.
About the Speakers
Mary Ognibene - Mary offers a wide range of experience in corporate law practice, including company formations, negotiation of a wide range of operational contracts important to businesses, and the acquisition process on both buying and selling sides.
Jui Trivedi – Jui is a Certiied Exit Planning Advisor (CEPA) who works with clients to design optimal exit strategies and execute business sale processes that will meet their objectives and maximize business value.
Daniel Williford - Dan focuses on assisting individuals and families to transfer, preserve, and distribute their assets in accordance with their wishes. His practice includes estate planning, estate administration, Elder Law and estate litigation.
Lee Woodring is an SVP, Wealth Management Advisor at Merrill Lynch in Pittsford. Lee has been with Merrill Lynch for over 25 years. One of his areas of focus within his team’s advisory practice is helping business owners with exit and transitions planning. He is a Certified Exit Planning Advisor (CEPA).
About MCCM
McConville Considine Cooman & Morin, P.C. is a full-service law firm based in Rochester, New York, providing high-quality legal services to businesses and individuals since 1979. With over a dozen attorneys and a full paralegal support staff, the firm is well-positioned to right-size services tailored to each client. We are large enough to provide expertise in a broad range of practice areas, yet small enough to devote prompt, personal attention to our clients.
We represent a diverse range of clients located throughout New York State and New England. They include individuals, numerous manufacturing and service industry businesses, local governments, and health care professionals, provider groups, facilities and associations. We also serve as local counsel to out-of-state clients and their attorneys who have litigation pending in Western New York courts. For more information, please contact us at 585.546.2500.
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About Merrill Lynch Wealth Management – Woodring | Ponticello & Associates, Merrill Lynch, Pierce, Fenner & Smith Inc.
Woodring | Ponticello & Associates is a New York based wealth management team that represents successful individuals and families in financial transition, as well as select endowments and non-profits. Their focal point is providing personalized investment structure and customized wealth planning consultation to help accomplish the complex and evolving goals encompassing wealth accumulation, wealth cash-flow planning, capital preservation, and legacy creation guidance.
About Next Point LLC
Next Point LLC is a full-service Merger & Acquisition Advisory firm serving clients in manufacturing, distribution, and service industries. With offices in Rochester, Buffalo and Syracuse, Next Point helps small to mid-sized business owners execute strategic plans to restructure, grow, or sell – but most of all – thrive.
