UNH Center for Family Business Looks at the Effects of Retirement on Family-Owned Businesses

March 31, 2004

DURHAM, N.H. -- The Center for Family Business will address the issues of retirement and its effect on family-owned businesses during a special presentation, “You've decided to retire, your family is running the business, what do you do next and how do you do it?” Wednesday, April 21, 2004, from 8 a.m. to noon. It includes a full buffet breakfast at the Holiday Inn, 172 North Main Street, Concord.

This presentation will feature a case study of a family business whose founder would like to retire but is dependent on the business and a transition of ownership to his three sons for his retirement income. Participants will discuss possible solutions to this situation and the complications and implications inherent in these decisions. A panel of experts will discuss the legal, financial, and funding aspects of transitioning ownership within a family business. The members include Pete Chandler and Joe Lovejoy of Baker, Newman and Noyes; Tom Davidow of Genus Resources; Andy Lee of Mass Mutual; and Jack Sanders of Pierce Atwood.

A special one-time trial registration fee of $125/person or $250/family is offered for nonmembers for this presentation. The presentation is free to UNH Center for Family Business members. To register, or for more information call Barbara Draper at (603) 862-1107, or visit www.familybusiness.unh.edu.