“We Are Family”: Transitioning a Family Business Successfully
Who doesn’t know, the well-known title and chorus of Sister Sledge's 1979 single "We Are Family"? Who hasn’t gotten up to sing and dance to the lyrics…?
“We are family
I got all my sisters with me
We are family
Get up everybody and sing”
But you may have a harder time remembering the third verse …
“You won't go wrong, oh-no
This is our family Jewel”
The transition of a family owned business mixes in a variety of legal and tax issues with the complexity of family dynamics. “You can’t start too early” is a common refrain in family business succession planning. Don’t go wrong, protect the family jewel. Our panel of experts will discuss and take your questions about the key financial, legal and family considerations of transitioning a business to a new generation.
Devin is owner and president of Success Labs, a strategic organizational and leadership development management consulting firm in Louisiana. Devin’s experience includes creating custom leadership development, talent management and succession planning processes for local and global companies. Devin is on the Board of Directors for Neese Industries and the Baton Rouge Gallery. She was the 2013 Baton Rouge SHRM Professional of the Year and a Business Report 2016 Influential Woman in Business. Additionally, Success Labs was a recipient of the LSU 100 award in 2016 as one of the 100 fastest-growing companies throughout the world owned by LSU graduates.
Jeremy M. Klibert
Jeremy is a Tax Services partner at Faulk & Winkler, a certified Public Accounting and Business Advisory firm in Baton Rouge, Louisiana. Jeremy works with a wide range of clients and focuses his efforts on providing tax research, tax planning and consulting for high-net-worth individuals, nonprofit organizations and closely held small businesses Jeremy was selected as President of the Baton Rouge Estate and Business Planning Council for 2016
Linda Perez Clark
Linda Perez Clark is a partner in the Baton Rouge office of Kean Miller. She has more than 20 years experience representing clients in a wide variety of transactional matters, including asset and stock acquisitions and sales, engineering, procurement, construction and construction-related contracts (for both onshore and offshore energy projects), various product supply agreements and commercial leases. Linda’s practice includes general business advice to large and small businesses, as well as assisting clients with entity structure and governance, including entity formation and buysell agreements among owners, and development of business succession plans.