CLE Program

Stepping Away from the Closely Held Business


Date: Wednesday, June 12, 2019
Time: 4:00 p.m. - 6:00 p.m.


Massachusetts Bar Association
Conference Room 101
20 West St
Boston, MA, 02111

Program Code:


Program Options:


MBA Paralegals : $0.00
MBA Law Student : $0.00
MBA Member : $0.00
MBA New Admittee : $0.00
Non-member : $50.00

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Online registration for this event has closed.

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This program will explain best practices for attorneys when counseling owners of closely held businesses in developing continuity or succession plans. Attorneys must explain both the need for such planning and the potential options available to their clients.
Panelists will discuss methods to maintain a good advisor-client relationship throughout the planning process and will utilize two fact patterns to show the benefits and pitfalls of both the sale of a business and the transfer of a business via gift or at death.

Specific topics include:

  • Business valuation
  • Structuring the sale of the business
  • Preparations for a sale to a third party
  • Due diligence process
  • Special concerns when selling to family members
  • Pros and cons of gifting via at-death transfers
  • Part-gift/part-sale scenarios
  • How to balance unequal interests and/or involvement by different children
  • Avoiding probate


Stephen A. Colella, Esq., Program Co-chair
Ruth A. Mattson, Esq., Program Co-chair
Verrill Dana LLP, Boston
David M. Czarnecki, Esq., Panelist
Morse Barnes-Brown & Pendleton PC, Waltham
Jennifer Z. Flanagan, Esq., Panelist
Vacovec, Mayotte & Singer LLP, Newton
Lisa M. Rico, Esq., Panelist
Rico, Murphy, Diamond & Bean LLP, Natick
Joel Rothenberg, CPA, JD, LLM, Panelist
DGC (DiCicco, Gulman, & Company LLP), Boston/Woburn

Sponsoring Sections:

Taxation Section
Probate Law Section

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