CLE Program

Stepping Away from the Closely Held Business


Date: Wednesday, June 12, 2019
Time: 4:00 p.m. - 6:00 p.m.
Runtime: 2:00h

Program Code:


The MBA only offers Certificates of Attendance to individuals who attend education programs in person. Certificates are not available for participation in recorded MBA On Demand programs.


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

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
BNY Mellon Wealth Management, Boston
Ruth A. Mattson, Esq., Program Co-chair
Vacovec, Mayotte & Singer LLP, Newton
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 LLP, Millis
Joel Rothenberg, CPA, JD, LLM, Panelist
DGC (DiCicco, Gulman, & Company LLP), Boston/Woburn

Sponsoring Sections:

Taxation Section
Probate Law Section

NOTE: This is a previously recorded MBA On Demand product.
When you register, you will receive a link via email to the previously recorded MBA On Demand program and its ePublication. Your member profile will also contain a permanent link to the MBA On Demand version of the program.

System Requirements
Read the On Demand system requirements and view an On Demand product demonstration. If you have questions regarding On Demand products or how to use the software, contact Senior Programs Manager Marc A. D'Antonio, Esq. at (617) 338-0646 or email Marc.

Read System Requirements  Watch On Demand Demonstration

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