Seeing the Future - FBA October 2023 - Oct 10, 2023 - Greater Reading Chamber Alliance

2023 FBA PROGRAM - 7 Principles of a Healthy Business

In June 2022, Steve Essig, 3rd generation owner of Essig Plumbing & Heating, shared his family business story ups and the downs, all while discussing the 7 Principles of a Healthy [Family] Business. These 7 principles are what has created his success, and stability, in his family business. The FBA 2023 Program will be diving deeper into each Principle.

Principle #5
Seeing the Future: Prepare Now

Brian Boland, Attorney | Kozloff Stoudt Attorneys

Michael Koch, CVA, Consultant | RKL LLP

Ryan Hurst, ASA, Partner & Leader of Business Consulting | RKL LLP

Jay Wagner, Co-Chair Estates and Trusts Practice Group | Stevens & Lee
The FBA 2023 Program will be diving deeper into each Principle, with this session focusing on PREPARING FOR THE FUTURE by looking into certain aspects of your business.

Our panel comprised of family business experts will be assessing the high level topics that a business should prepare for NOW to best see the future of their [successful] business. The important areas of discussion in our workshop will center around financial business planning, transition planning, and succession planning—legally and financially--all based on where your business is in its lifecycle.

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ABOUT BRIAN BOLAND, Attorney - Kozloff Stoudt Attorneys

Brian Boland concentrates his practice in estate planning/administration, educational/ municipal law and business law. He serves as Solicitor and special counsel for eight (8) Berks, Lebanon and Lancaster County school districts and several townships, boroughs, and authorities. Boland regularly writes and lectures on a variety of issues for the Pennsylvania School Boards Association and the Center for Excellence in Local Government and prepares instructional materials and seminars for school districts and municipalities. The educational and municipal departments of Kozloff Stoudt are regularly on the leading edge of trial and appellate cases in Pennsylvania. In addition, Brian heads the Estate Planning and Administration Department of the firm. He has over 30 years experience planning and administering estates. The firm serves as regional leader in all aspects of estate planning from large complex estates and trusts to Medicaid planning. Kozloff Stoudt’s estate planning and estate administration department is as efficient as it is experienced.

ABOUT JAY WAGNER, Co-Chair Estates and Trusts Practice Group - Stevens & Lee

Jay Wagner concentrates his practice in estate and trust planning and administration, wealth preservation, trust and estate litigation, charitable and nonprofit organizations, and guardianship matters. He is a fellow of the American College of Trust and Estate Counsel. Wagner is experienced in advising high net worth clients in all aspects of estate planning, including business succession planning, use of insurance to facilitate business transition and other planning objectives, GRATS, QPRTS, defective grantor trusts and other leveraged strategies to minimize estate, gift and generation-skipping taxes, charitable trusts and other charitable giving techniques, and pre-and-post-marital agreements. Wagner routinely advises clients about creditor and other threats to their wealth preservation goals.

ABOUT MICHAEL KOCH, CVA, Consultant - RKL LLP

Michael Koch’s attentiveness to his clients allows him to build strategic partnerships with them, viewing their growth and success as his own. With experience in valuation, financial modeling and projections, and litigation support, he serves clients in a wide variety of industries. An active listener with a propensity for numbers, Koch was drawn to this profession for the opportunity to work directly with his clients to achieve real results. A Certified Valuation Analyst (CVA), Koch has performed engagements for gifting, estate planning, buying or selling a business, and other analysis and consulting. His team-forward approach enables him to serve his clients reliably and consistently exceed expectations.

ABOUT RYAN HURST, ASA, Partner and Leader of Business Consulting Services - RKL LLP

Growing up in a family owned business household gave Ryan Hurst a firsthand appreciation for the hard work involved in running a successful company. Over the course of his nearly two decade career, this perspective proved valuable as Hurst carved out a professional niche of helping owners identify their vision for the future of their businesses and translating that vision into reality. As leader of RKL’s Business Consulting Services Group, Hurst oversees the firm’s suite of financially oriented consulting capabilities, including transaction advisory, business valuation, succession planning, litigation support and forensic accounting. Hurst’s passion is helping business owners explore what’s next for them, whether it be an ownership transition or sale, growth initiative or another strategic endeavor.