How planning now can prevent big headaches in the future is focus of UNH Center for Family Business event

By Lori Wright, Media Relations

Family business owners spend long hours and stretch financial resources to become successful, but all of that work could be permanently lost if mistakes and oversights are made in key areas of their businesses. The result: loss of not only the business, but the financial stability of family and employees.

The UNH Center for Family Business will focus on how family business owners can make plans in critical areas to avoid future problems Wednesday, March 30, 2005.

The half-day event will be held at New Hampshire Distributors in Concord. Registration and a continental breakfast begin at 8 a.m., with the program starting at 8:30 a.m. Lunch and a networking session will follow. Those interested in attending the business program are asked to register by March 23.

The event is an excellent opportunity for all business owners to assess their personal and business planning, and the important issues they need to consider. Issues to be covered include business valuation, planning for estate taxes, retirement planning and the impact of death or disability of a key person, and how all these integrate with succession plans.

The center, under UNH’s Whittemore School of Business and Economics and the UNH Graduate
School, is sponsored by Mass Mutual Financial Group, Genus Resources, Baker Newman & Noyes, Pierce Atwood, MPI Management Planning, Inc. and Ocean National Bank. It is a membership program to provide owners and managers of entrepreneurial businesses with an opportunity to exchange ideas and information and to discuss business challenges, concerns, and solutions.

Future programs focus on Managing Change (May 4). Nonmembers of the Center for Family Business can attend the program on a one-time trial basis for $125 per person or $250 per family. To register or for more information contact Barbara Draper at (603) 862-1107 or Barbara.Draper@unh.edu.