Continuing Legal Education

TELESEMINAR: Buyouts in Closely Held Companies: Triggers, Methods, Valuation & Finance – A National Perspective [LIVE REPLAY]

April 11, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours

Telephone

Most partners in closely held companies have their eyes on the exits. Eventually they want to be able to cash out their interests in the entity and do something else or retire. Sometimes too, the need to exit an ownership position is forced by death or disability. The challenge is finding a buyer. Even very successful closely held companies discover that the market for interests in private companies is very limited and, most of the time, unless the seller has built-in buyer (children, partners, or employees), the interest will go unsold. This program – which was originally held on January 28, 2014* – will provide you with a guide to drafting buy-sell agreements to create a market for closely held company interests, including triggering events, valuation, purchase mechanisms and dispute avoidance. 

Highlights:

  • Drafting buy-sell agreements to create markets for closely held company interests
  • Triggering events – death, disability, retirement, election of a partner to sell, and bad acts
  • Mechanisms of buyout –redemption by entity, purchase by remaining partners or key employees
  • Valuation methodologies in closely held companies and dispute avoidance
  • Finance issues, including buyouts over time and the use of earnouts

 

For more information about ISBA's Teleseminar programs, please visit: http://www.isba.org/cle/teleseminar

Program Speaker:
Frank Ciatto
, Venable, LLP, Washington, D.C.

 

*Please Note: Attorneys may not receive credit for viewing the same program more than once within a 12 month period.

 

Frank Ciatto is a partner in the Washington, D.C. office of Venable, LLP, where he has 20 years’ experience advising clients on mergers and acquisitions, limited liability companies, tax and accounting issues, corporate finance transactions and related antitrust matters.  He is a leader of his firm’s private equity and hedge fund groups and a member of the Mergers & Acquisitions Subcommittee of the ABA Business Law Section.  He is a Certified Public Accountant and earlier in his career worked at what is now PricewaterhouseCoopers in New York.  Mr. Ciatto earned his B.A., cum laude, at Georgetown University and his J.D. from Georgetown University Law Center.

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