Gresham’s Vice Chairman, Wally Head and Gresham’s Chief Wealth Strategist, Kim Kamin Presented on Pre-Transaction Planning

CHICAGO – October 1, 2019 – Wally Head, Gresham’s Vice Chairman, led a panel at The
Entrepreneurship Institute of Chicago’s Presidents’ Symposium on September 11, 2019, and Kim Kamin, Gresham’s Chief Wealth Strategist, participated as a panelist.

This panel grew out of a recognition that business owners should always be aware of the potential need for a future liquidity event and planning should start well ahead of when it might occur. The panel, which also included a former family business owner and an attorney who counsels business owners regarding liquidity events, shared their real-world experiences and answered questions from the audience consisting of family business owners and advisors.

The panelists discussed planning for who or what type of firm will be the successor owner(s), preparing family members and members of management for a transition, determining when a transition should occur, and structuring a transition to balance financial, tax and family considerations. The focus of the panel was on how proper pre-transaction planning can improve the likelihood a transaction will occur when it should occur, and not when it must occur for financial or family reasons, and that the transaction will be structured to optimize current as well as longer-term benefits.