Stockholder Buy Sell Agreements
Focus Of UNH Center For Family Business Event
Contact: Lori Wright
UNH Media Relations
Jan. 24, 2005
DURHAM, N.H. – The Center for Family Business at the University
New Hampshire will take a close look at stockholder buy sell agreements
Wednesday, Feb. 9, 2005, at The Yard Restaurant in Manchester. 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. Register
by Wednesday, Feb. 2.
What does a family business do on the death, disability, retirement
or withdrawal of a stockholder? Having an orderly succession plan
in place is the key to dealing with such situations. A succession
plan starts with a stockholder buy sell agreement, considered the
most important corporate document as it is the cornerstone of the
business succession plan.
Attendees will hear from Darlene Dunn, owner of a family business,
regarding succession issues and learn from the experiences of Doc
Noel, owner of a multistore family business that faced many issues
dealing with in-stock restrictions and a stock purchase agreement
between owners, all of which resulted in a successful succession
plan. The panel discussion, with examples and suggestions, will
be moderated by Jack Sanders, an attorney with more than 40 years
working with family business, and Sheila Christie, an estate planning
attorney of Pierce Atwood. Also discussed will be valuation, tax
and funding matters.
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 Evaluating Business Planning (March 30),
and 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.