Attendees will learn about contracts that are important to family business succession planning and will learn drafting tips and strategies to accomplish the clients' succession objectives for the family and the business. Topics include:

• The correct organizational structure and choice of entity can be tax efficient and can facilitate the succession process.
• Creating good governance structures for the next generation may be the single most effective task. Be explicit about future board composition, and consider voting trusts, classified stock, cumulative voting, and other unique mechanisms.
• Terms of employment, compensation, and incentives are important to key employees, whether or not they are family members.
• Draft a fair and thorough buy-sell agreement and get it signed. Everyone needs a viable exit.