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The article identifies mistakes lawyers need to avoid when advising high-net worth clients on assignments of equity in limited liability companies (LLC) and limited partnerships (LP) for succession planning, trust decanting and diversification. These include lack of knowledge of the economic rights the assignee is receiving, failure to do legal cleanup before the assigning equity, failure to get the right approval for equity assignment, and not admitting an assignee as a member or partner.

The article explores the impact of the U.S. Federal Trade Commission's (FTC) Non-Compete Clause Rule on business succession planning. Topics discussed include effect of the FTC rule on small businesses, types of employees that could validate non-compete restrictions, structuring of a business sale for owners who are determined to secure employees as part of the management succession plan, ways to help business owners enhance the value of their business, and practical approaches to the rule.

The article discusses topics on estate planning, particularly the role of buy-sell agreements in family business succession. Also cited are how the use of ownership transfer restrictions in said agreements can provide stability and continuity of a business during succession and the triggering events for implementation like retirement, disability, and bankruptcy.

The article discusses the importance of succession planning for wealth management firms. It emphasizes that succession planning should be an ongoing activity and process, rather than a one-time occurrence. The article highlights the upcoming retirement of many Baby Boomers in the industry and the potential impact on firms. It also outlines the benefits of succession planning, such as long-term viability, confidence from stakeholders, and seamless business continuity. The author urges all levels of leadership within wealth management firms to prioritize succession planning to ensure the sustained operations and survival of their businesses. [Extracted from the article]

This article discusses the myths and realities of succession planning for RIA firm owners. It emphasizes that succession planning should be a part of every business owner's planning, regardless of whether they plan to sell or keep the business until retirement. The article also highlights the benefits of combining succession planning with acquisition, as it can bring in fresh talent and help grow the business. Additionally, it emphasizes that succession planning doesn't end when the successor takes over, as most deals involve a phase-out of ownership and continued involvement of the seller. The article concludes by mentioning that financing options are available for Gen 2 buyers, making succession more affordable. [Extracted from the article]

The article discusses the critical role of succession planning in advisory firms within the wealth management industry. Many firm owners are nearing retirement and are concerned about securing their legacy, so preparing the next generation of leaders is a significant challenge. The article highlights key considerations for identifying and preparing the next generation, including talent attraction and retention, formal training and development programs, and the rise of mergers and acquisitions. By emphasizing client retention, leveraging technology, and investing in future leaders, advisory firms can navigate the complexities of succession and secure long-term success. [Extracted from the article]

The article discusses the changing landscape of mergers and acquisitions (M&A) in the wealth management industry. It highlights several key trends, including the increasing involvement of small and midsize practices in M&A deals, the complexity of these deals due to diverse business models and structures, the growing popularity of internal successions as a deal type, the emergence of "sell and stay" scenarios for aging advisors, and the capturing of premium prices by sellers as average deal sizes increase. The article suggests that these trends present new opportunities for buyers and sellers in the industry. [Extracted from the article]

According to an article titled "Has the RIA Succession Planning Crisis Begun?" published in Wealth Management Real Estate, the industry is facing a succession planning crisis. Less than 20% of advisors believe that future leaders will be able to afford to buy out current shareholders, indicating a decline in the viability of internal succession. Factors such as increasing valuations, higher interest rates, and inflation have contributed to the decline in affordability. The absence of robust succession plans and reservations about the next generation's ability to run the firm have led to a shift towards external sales. The article suggests that different players in the industry can take action to mitigate the impact of this crisis, including gaining clarity on the viability of internal sales, engaging in discussions about succession with leadership, and developing methodical plans for growth through acquisitions. [Extracted from the article]

This article discusses the importance of women in succession planning in the wealth management industry. It highlights the need for more women professionals as the next generation of industry leaders and emphasizes the significance of women leading firms into the future. The article also addresses the coming gender shifts in wealth control, with a focus on the transfer of wealth to women in the near future. It emphasizes the growth of female investors across all age ranges and the need for RIAs to understand and meet the needs of female investors. The article concludes by mentioning the Women's Leadership Alliance, a non-profit organization that helps firm owners attract top female talent and create a positive workplace environment for female RIAs and clients. [Extracted from the article]

Pennsylvania Farm Link, in partnership with the Pennsylvania Department of Agriculture's Agricultural Business Development Center, is facilitating workshops where farmers will be able to speak with ag professionals about their farm succession plans. "Modifying Your Infrastructure for Beef Cattle" will emphasize the appropriate floor and bunk space required to manage beef cattle and address questions related to converting existing facilities to beef producer systems. Beef cattle infrastructure Beef cattle have different spacing requirements, and bunk management varies greatly from other animals. [Extracted from the article]

Beef cattle infrastructure Beef cattle have different spacing requirements, and bunk management varies greatly from other animals. "Modifying Your Infrastructure for Beef Cattle" will emphasize the appropriate floor and bunk space required to manage beef cattle and address questions related to converting existing facilities to beef producer systems. Pennsylvania Farm Link, in partnership with the Pennsylvania Department of Agriculture's Agricultural Business Development Center, is facilitating workshops where farmers will be able to speak with ag professionals about their farm succession plans. [Extracted from the article]

Pennsylvania Farm Link, in partnership with the Pennsylvania Department of Agriculture's Agricultural Business Development Center, is facilitating workshops where farmers will be able to speak with ag professionals about their farm succession plans. "Modifying Your Infrastructure for Beef Cattle" will emphasize the appropriate floor and bunk space required to manage beef cattle and address questions related to converting existing facilities to beef producer systems. Beef cattle infrastructure Beef cattle have different spacing requirements, and bunk management varies greatly from other animals. [Extracted from the article]

Beef cattle infrastructure Beef cattle have different spacing requirements, and bunk management varies greatly from other animals. "Modifying Your Infrastructure for Beef Cattle" will emphasize the appropriate floor and bunk space required to manage beef cattle and address questions related to converting existing facilities to beef producer systems. Pennsylvania Farm Link, in partnership with the Pennsylvania Department of Agriculture's Agricultural Business Development Center, is facilitating workshops where farmers will be able to speak with ag professionals about their farm succession plans. [Extracted from the article]

Beef cattle infrastructure Beef cattle have different spacing requirements, and bunk management varies greatly from other animals. Pennsylvania Farm Link, in partnership with the Pennsylvania Department of Agriculture's Agricultural Business Development Center, is facilitating workshops where farmers will be able to speak with ag professionals about their farm succession plans. "Modifying Your Infrastructure for Beef Cattle" will emphasize the appropriate floor and bunk space required to manage beef cattle and address questions related to converting existing facilities to beef producer systems. [Extracted from the article]

Future vision Voss said the most important part of farm succession planning is thinking about what the farm will look like in the long term. "Where's the end game? A recent half-day meeting put together by the Professional Dairy Managers of Pennsylvania delved into the difficult topic of farm succession and how farm owners can prevent future problems by communicating and planning today. [Extracted from the article]

Crop pest management schools Save the date to attend one of the 2022 Crop Pest Management Schools, hosted by K-State Research and Extension. Kansas Soybean Yield Contest now open The Kansas Soybean Association is calling all soybean farmers in Kansas to enter their competitive soybean crop into the Kansas Soybean Yield Contest by Dec. 1. The Office of Farm and Ranch Transition at Kansas State University has set dates for its series of succession planning conferences in December. [Extracted from the article]

The Office of Farm and Ranch Transition at Kansas State University has set dates for its series of succession planning conferences in December. Crop pest management schools Save the date to attend one of the 2022 Crop Pest Management Schools, hosted by K-State Research and Extension. Kansas Soybean Yield Contest now open The Kansas Soybean Association is calling all soybean farmers in Kansas to enter their competitive soybean crop into the Kansas Soybean Yield Contest by Dec. 1. [Extracted from the article]

The Office of Farm and Ranch Transition at Kansas State University has set dates for its series of succession planning conferences in December. Kansas Soybean Yield Contest now open The Kansas Soybean Association is calling all soybean farmers in Kansas to enter their competitive soybean crop into the Kansas Soybean Yield Contest by Dec. 1. Crop pest management schools Save the date to attend one of the 2022 Crop Pest Management Schools, hosted by K-State Research and Extension. [Extracted from the article]

The Office of Farm and Ranch Transition at Kansas State University has set dates for its series of succession planning conferences in December. Crop pest management schools Save the date to attend one of the 2022 Crop Pest Management Schools, hosted by K-State Research and Extension. Kansas Soybean Yield Contest now open The Kansas Soybean Association is calling all soybean farmers in Kansas to enter their competitive soybean crop into the Kansas Soybean Yield Contest by Dec. 1. [Extracted from the article]

Kansas Soybean Yield Contest now open The Kansas Soybean Association is calling all soybean farmers in Kansas to enter their competitive soybean crop into the Kansas Soybean Yield Contest by Dec. 1. The Office of Farm and Ranch Transition at Kansas State University has set dates for its series of succession planning conferences in December. Crop pest management schools Save the date to attend one of the 2022 Crop Pest Management Schools, hosted by K-State Research and Extension. [Extracted from the article]

B Editor's note: b Michigan attorney Mike Fraleigh was a featured speaker at this year's AgroExpo in St. Johns, Mich., and went through several considerations when drafting a succession plan. "So, funding for the parents' retirement has to come out of farm operations, or land, or other assets have to be sold", Fraleigh said. "But, perhaps, a better option than long-term care insurance is a hybrid life insurance product that allows the death benefit to be drawn down to cover the cost of a nursing home", Fraleigh said. [Extracted from the article]

If you operate your farm through an entity and rent the farmland from your trust or estate, or if you hold your land in a separate entity, you will need to maintain the lease agreements for the farmland on a regular basis. When establishing a succession plan, it is important to understand the plan will need ongoing maintenance, so that it works when you need it. [Extracted from the article]

Mark Irby, who recently retired as vice president of marketing at Publix Super Markets, has joined the company's board of directors. Graph: https://www.supermarketnews.com/sites/supermarketnews.com/files/Mark Irby-Publix-hi-res.jpg Irby (left) began his career at Publix in 1973 at the sign shop in Lakeland. [Extracted from the article]

The article focuses on the succession planning process for bakery owners. It suggests on start making a succession plan timeline which analyzes when and how owners will stop working and thinks of the possible successor of the business. It reccomends handing over the business which can be done on a process of granting stock. It also provides options incase that succession plans failed such as outright sale of the business and a mortgage.

The article offers strategies for wealth managers about retirement planning. A situation is presented involving Thomas Joyce, an owner of a boutique advisory firm in Sonoma County, California, who is trying to prepare a successor. It offers several advices from financial advisors including Philip Palaveev, president of Fusion Advisor Network, Chip Roame, managing principal of Tiburon Strategic Advisors, and Hellen Davis, president of Indaba Training Specialists.

The article focuses on the steps and strategies to succeed in succession planning of a financial adviser using the three various time frames in the U.S. A financial adviser is recommended to create a more profitable client base to be able identify the most suitable successor within the remaining 15 years tenure. A financial adviser is expected to find a successor with a background in management, recruitment, and employee supervision within the five years in service.

Over the last several years, we have seen rising land prices and an aging farm population. A solution to ensure a smooth transition If your farm operation uses a business entity, one solution is a buy-sell agreement. Of course, a buy-sell agreement used in an entity is just one way to achieve the common goal of successfully passing down the farm operation. [Extracted from the article]

SpartanNash has reaffirmed its commitment to its current board, management team and growth plan after an investor group called on shareholders to elect three new directors. Graph: https://www.supermarketnews.com/sites/supermarketnews.com/files/Tony Sarsam-SpartanNash-new CEO-crop 1.jpg SpartanNash said shareholders have seen an 88% total return since Tony Sarsam joined as CEO in September 2020. "It seems that the investor group's priority is a proxy contest, not constructive engagement with SpartanNash about ideas that would benefit all shareholders", SpartanNash stated. [Extracted from the article]

In my work with farm families, I've realized many of us erroneously believe estate planning and succession planning are the same. To simplify, Baker described that an estate plan is sufficient if a farmer is only concerned with how to pass the land to the next generation. For farms, the difference in success rate can at least partially be attributed to operators mistaking estate planning for succession planning. [Extracted from the article]

For farms, the difference in success rate can at least partially be attributed to operators mistaking estate planning for succession planning. To simplify, Baker described that an estate plan is sufficient if a farmer is only concerned with how to pass the land to the next generation. In my work with farm families, I've realized many of us erroneously believe estate planning and succession planning are the same. [Extracted from the article]

To simplify, Baker described that an estate plan is sufficient if a farmer is only concerned with how to pass the land to the next generation. For farms, the difference in success rate can at least partially be attributed to operators mistaking estate planning for succession planning. In my work with farm families, I've realized many of us erroneously believe estate planning and succession planning are the same. [Extracted from the article]

For farms, the difference in success rate can at least partially be attributed to operators mistaking estate planning for succession planning. To simplify, Baker described that an estate plan is sufficient if a farmer is only concerned with how to pass the land to the next generation. In my work with farm families, I've realized many of us erroneously believe estate planning and succession planning are the same. [Extracted from the article]

To simplify, Baker described that an estate plan is sufficient if a farmer is only concerned with how to pass the land to the next generation. In my work with farm families, I've realized many of us erroneously believe estate planning and succession planning are the same. For farms, the difference in success rate can at least partially be attributed to operators mistaking estate planning for succession planning. [Extracted from the article]

Five tips CALAMP and California FarmLink offer these five tips for successful farm transition planning, an often overlooked but critical part of farm operations. "We provide free mediation services on a variety of issues facing farmers, including farm transitions." said Matt Strassberg, CALAMP Program Director. California FarmLink recently partnered with the California Agricultural Mediation Program (CALAMP) to set the stage for productive farm transition conversations and help participating families with any communication related issues. [Extracted from the article]

California FarmLink recently partnered with the California Agricultural Mediation Program (CALAMP) to set the stage for productive farm transition conversations and help participating families with any communication related issues. Five tips CALAMP and California FarmLink offer these five tips for successful farm transition planning, an often overlooked but critical part of farm operations. "We provide free mediation services on a variety of issues facing farmers, including farm transitions." said Matt Strassberg, CALAMP Program Director. [Extracted from the article]

Five tips CALAMP and California FarmLink offer these five tips for successful farm transition planning, an often overlooked but critical part of farm operations. California FarmLink recently partnered with the California Agricultural Mediation Program (CALAMP) to set the stage for productive farm transition conversations and help participating families with any communication related issues. "We provide free mediation services on a variety of issues facing farmers, including farm transitions." said Matt Strassberg, CALAMP Program Director. [Extracted from the article]

Five tips CALAMP and California FarmLink offer these five tips for successful farm transition planning, an often overlooked but critical part of farm operations. California FarmLink recently partnered with the California Agricultural Mediation Program (CALAMP) to set the stage for productive farm transition conversations and help participating families with any communication related issues. "We provide free mediation services on a variety of issues facing farmers, including farm transitions." said Matt Strassberg, CALAMP Program Director. [Extracted from the article]

Five tips CALAMP and California FarmLink offer these five tips for successful farm transition planning, an often overlooked but critical part of farm operations. "We provide free mediation services on a variety of issues facing farmers, including farm transitions." said Matt Strassberg, CALAMP Program Director. California FarmLink recently partnered with the California Agricultural Mediation Program (CALAMP) to set the stage for productive farm transition conversations and help participating families with any communication related issues. [Extracted from the article]

Farm Service Agency borrowers can complete their borrower training requirements by participating in three evenings of their choice and completing the quiz and evaluation for those sessions. The 2022 Montana's Next Generation Conference will be held over six evenings beginning today, Jan. 11, with virtual sessions covering recordkeeping, markets, marketing, crop production, succession planning and business topics. [Extracted from the article]

The article discusses results of a survey of beef producers on their strategies of marketing their calf crop. Data presented shows producers' marketing of heir calf crop via local auction market through normal sale or special sale, direct marketing and video auction, priorities when selecting which bulls and which replacement females to use in the herd, succession plan for transferring operation upon exiting the industry, and challenges facing the cow-calf industry in 2017.

The article discusses the impending "Great Wealth Transfer" as well as the significant changes expected in the advisory landscape due to the retirement of a large portion of advisors within the next decade. It emphasizes the importance of succession planning for advisors to ensure a smooth transition for their businesses and clients.

For many years, Ohio farmers, landowners and agriculturalists have received monthly doses of legal advice from attorney Robert Moore in this Country Counsel column. First and foremost, Wright & Moore is completing its transition with Robert and his wife, Kelly, continuing in their current roles. In the meantime, Wright & Moore is proud to continue sharing practical, pertinent legal lessons with the Ohio agriculture industry for years to come. [Extracted from the article]

In the meantime, Wright & Moore is proud to continue sharing practical, pertinent legal lessons with the Ohio agriculture industry for years to come. First and foremost, Wright & Moore is completing its transition with Robert and his wife, Kelly, continuing in their current roles. For many years, Ohio farmers, landowners and agriculturalists have received monthly doses of legal advice from attorney Robert Moore in this Country Counsel column. [Extracted from the article]

In the meantime, Wright & Moore is proud to continue sharing practical, pertinent legal lessons with the Ohio agriculture industry for years to come. For many years, Ohio farmers, landowners and agriculturalists have received monthly doses of legal advice from attorney Robert Moore in this Country Counsel column. First and foremost, Wright & Moore is completing its transition with Robert and his wife, Kelly, continuing in their current roles. [Extracted from the article]

First and foremost, Wright & Moore is completing its transition with Robert and his wife, Kelly, continuing in their current roles. For many years, Ohio farmers, landowners and agriculturalists have received monthly doses of legal advice from attorney Robert Moore in this Country Counsel column. In the meantime, Wright & Moore is proud to continue sharing practical, pertinent legal lessons with the Ohio agriculture industry for years to come. [Extracted from the article]

For many years, Ohio farmers, landowners and agriculturalists have received monthly doses of legal advice from attorney Robert Moore in this Country Counsel column. First and foremost, Wright & Moore is completing its transition with Robert and his wife, Kelly, continuing in their current roles. In the meantime, Wright & Moore is proud to continue sharing practical, pertinent legal lessons with the Ohio agriculture industry for years to come. [Extracted from the article]

Historic land value trends The USDA land price data reveals the long-term trend in land values. U.S. and Missouri land prices have had a similar pattern, though U.S. prices had already slightly broke through the trend line 20 years ago. Rising land prices can derail succession plans. [Extracted from the article]

U.S. and Missouri land prices have had a similar pattern, though U.S. prices had already slightly broke through the trend line 20 years ago. Rising land prices can derail succession plans. Historic land value trends The USDA land price data reveals the long-term trend in land values. [Extracted from the article]

U.S. and Missouri land prices have had a similar pattern, though U.S. prices had already slightly broke through the trend line 20 years ago. Rising land prices can derail succession plans. Historic land value trends The USDA land price data reveals the long-term trend in land values. [Extracted from the article]