Larry Grypp, President of the Goering Center
Would you pay $3.46 million to have lunch with Warren Buffett at New York’s Smith & Wollensky legendary steakhouse? Well, as part of a charity auction, one unidentified woman did exactly that. Maybe there’s value in picking his sage brain over surf and turf. Maybe it’s just for the bragging rights, or a fondness for that charity.
Employee Stock Ownership Plans May Offer Family Owned Businesses Transition Opportunities
David Whaley, Dinsmore & Shohl LLP
Employee Stock Ownership Plans are business transition vehicles that, in certain instances, can address many of the ownership transition issues existing in family owned companies.
What’s Next for Your Business?
Jennifer Riesenberg, CPA, Senior Manager, BKD, LLP
Many surveys show that family owned businesses view succession and continuity planning as one of their most important issues. According to a 2015 succession planning survey performed by BKD, LLP, the majority of family owned businesses will experience a change in ownership and/or a change in leadership within the next 10 years.