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During this interview, attorney Jason Kohout shares the legal developments and highlights from his panel discussion on the regulatory, trust, tax, and estate planning update at the Family Office and Wealth Advisor Forum. Discover what to watch out for, what to stop worrying about, and what you should consider doing to protect your family office clients.

Family-owned businesses are an important part of the economy, and they face unique challenges due to the dynamics of family relationships. With family members involved in both ownership and management, decision-making processes can be complex and challenging, so it is crucial that family-owned businesses develop governance structures before a need for governance arises. With proper governance and best practices, family-owned businesses can thrive and achieve long-term and sustainable success.

In today’s environment, it’s crucial for a company to have a compliance management system (a CMS) to manage risks associated with changing product and service offerings and also helps manage new regulations that are enacted to address developments in the marketplace. In this podcast, Consumer Protection attorney Anthony DiResta identifies the three main components of a CMS: board/management oversight, an effective compliance/monitoring program, and an audit system. Mr.

After a turbulent 2022, the technology industry is facing another busy year ahead amid a shifting M&A environment, widespread layoffs, and an increased focus on corporate governance. We analyze the trends that shaped the past year and look at the top seven bold predictions that will impact the technology industry. Be prepared for new priorities and seeing M&A activity play a role in driving growth while being fueled by lower valuations across the board.

As the expectations and responsibilities of boards continue to grow, the corporate directors’ key priorities and considerations shift to four areas of focus: corporate purpose, values, and culture; business strategies built upon corporate purpose; enterprise risk management; and communications and reporting that highlight the need to engage and communicate more broadly.

On September 30, 2022, the Department of the Treasury issued final rules addressing the scope of the reporting requirements for beneficial ownership and control of entities provided under the Corporate Transparency Act (CTA), which creates more clarity for families looking to understand their reporting requirements and potential exceptions. While the CTA rules will likely create a compliance burden for many wealthy families with complex structures, it is clear that having a regulated Private Trust Company as a central part of the structure should lessen that burden.

Successful strategic growth planning occurs when a company identifies opportunities for growth and then focuses its organization to be efficient and effective in the pursuit of those opportunities. Having proper preparation and governance is key to reach and sustain that success. This e-book will help jump start a company’s move towards that journey. It will also highlight the warning signs that can derail a strategic plan and show how companies can prepare to keep the plan on track.

There is an evolution taking place in the world of succession that is aligning the overall purpose of the family business with the motivation and beliefs of NextGen leaders. This report—the first in a series of four on family business succession—explores the courage to choose the right successor at the right time and provides the six key considerations family business leaders proposed that influenced their decision. For more key insights from the series, check out the other three reports: