Transition Options for Business Owners sponsored by AB Bernstein
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Special Note: We have been made aware that the speaker is no longer able to present in person. Dan will join us via live stream for this presentation.
If attending in person, please arrive at 11:30am for networking time in advance of lunch. Lunch will be served at noon with the meeting beginning at 12:20pm.
If attending virtually, the webinar session will begin at 12:20pm.
About the Program
The presentation will cover the pros and cons of the primary business succession options and transaction alternatives for business owners. Transition to the next generation, management buyouts, ESOPs, and third-party sales (strategic and private equity) will be covered in detail so that advisors have enough information to start making an informed decision. Examples of real life transactions will be described that show the effectiveness of the strategy, including calculations of proceeds and tax effects. Common planning myths regarding these transition alternatives will be discussed and debunked, while attempting to give business owners and their advisors the unbiased knowledge to begin planning the most appropriate transition for the business.
About the Speaker
Dan is the Managing Director of Opportunity Capital, a merchant banking firm, and has been an M&A advisor to business owners for almost 25. He helps clients to transition their ownership in a way that fits with what they actually want to do. Working with owners to help determine what is most important to them - price, generational transfers, legacy, growth, etc., he has been able to bring options to the owners' table that other advisors just don't know how to execute. Having closed more than 100 M&A transactions, he brings a deep and diverse experience to business owner clients. Dan previously worked at The Koptis Organization, Keybank/McDonald Investments and EdgePoint Capital Advisors. He earned a Bachelors in Psychology and an MBA in Finance, as well as holding securities licenses 24, 7, 63 and 79. He lives in Solon, Ohio with his wife and three children.
Michael H. Novak │ 2021-2022 Program Chair
Continuing Education – EPC Cleveland will request approval for this program from the CFP® Board of Standards for CFP® designation holders, from the Supreme Court of Ohio for Ohio attorneys to receive CLE credit, and from the Ohio Department of Insurance. A certificate of completion will be available for those AEP, CPA, and CWS designees who feel the program satisfies their continuing education requirements.
Covid-19 Information – Effective October 25, 2021, The Estate Planning Council of Cleveland requires all in-person event participants to be fully vaccinated, with proof of full vaccination required*. In addition, all attendees will be asked to wear a mask when not eating or drinking.
EPC Cleveland is also working closely with the Union Club to help mitigate the risks of Covid-19 transmission. Currently, the buffet will be served by staff members wearing a mask, there will be 6 people per table, and social distancing will be encouraged.
*Fully vaccinated status occurs 2 weeks after the second dose of the Pfizer-BioNTech or Moderna COVID-19 vaccines, or 2 weeks after the single-dose Johnson & Johnson's Janssen COVID-19 vaccine. Proof of vaccination accepted: Covid-19 vaccine card; photocopy of Covid-19 vaccine card; digital photograph (on your phone, for example) of Covid-19 vaccine card. Attendees who fail to provide proof of vaccination will not be admitted to the event. There will be an opportunity to provide proof of vaccination ahead of event arrival for expediated check-in.
Reservation Policy –
IN PERSON: All attendees are encouraged to register in advance and walk-in reservations will be accepted on a space-available basis only. The meeting cost is $32 for members when paid in advance before noon 10/11/21, $45 for members at the door, $45 for guests, and $235 for a table of six (please submit names to admin@epccleveland.org by 10/08/21). If you reserve and are unable to attend, please call the office to cancel by noon 10/11/21 to avoid a no-show reservation billing.
VIRUTAL: All attendees must register in advance. The meeting cost is $10 for members and $15 for guests. You will receive login credentials with your registration confirmation email.
To reserve, click "Register Now" below.
Thank you to our sponsor:
