Owner/Operator Council Meeting - California, November 2013


Thursday, November 14, 2013 - 2:15pm to Friday, November 15, 2013 - 6:15pm

The Owner/Operator Council Meeting is for Owner/Operator Council members and invited guests who are Family members who oversee the operation of their family's office.

  • Agenda


Wednesday, November 13, 2013

6:30 p.m.


Optional Dutch Treat Dinner(Spouses and Family Invited)


Thursday, November 14, 2013

8:30 a.m.


Continental Breakfast




9:00 a.m.






9:45 a.m.






10:00 a.m.


Setting the Stage




10:30 a.m.


Creating and Enhancing Optimal Performance Within the Family

  • Understanding each family member’s intellectual style, how one best learns and how one best communicates from this vantage point, improves relationships within the family, thereby unifying the family.  Improving family vitality takes the family “beyond problems and toward opportunities.”  We need tools to solve real problems—tools that can also enhance and nourish an already thriving family. Jay Hughes’ notion of “stretching intellectual capacity…to achieve each member’s maximum level of learning” implies that the family has to find ways to “diversify its intellectual capacity by encouraging its members to…diversify their intellectual capital to encompass every niche of the world’s learning” (Hughes, Family Wealth, p.37).




12:00 p.m.






1:00 p.m.


Family Education Needs Assessment

  • Group discussion to share and identify the educational needs within each Council member’s family.  The individual Council member’s educational needs will be used to build a group needs inventory that will guide the curriculum development in the subsequent session.    




2:30 p.m.






2.45 p.m.


Family Education Spring Planning Session

  • Using the group inventory developed in the preceding session, we will create four learning modules for all the age groups attending the 2014 Spring session.  




  5:30 p.m.


Meeting Adjourned




  6:00 p.m.


Cocktails and Dinner (Spouses and Family Invited)

  • Held at the residence of Harvey Knell


Friday, November 15, 2013

8:00 a.m.


Continental Breakfast   




8:30 a.m.


Executive Dialogue




10:30 a.m.






10:45 a.m.


Family Asset Valuations

  • The discussion will start with the three primary methods to determine the value of a family owned business.  Brad will discuss how discounts for lack of control and lack of marketability are applied and computed through the proper use of the various market data available.
  • As part of this presentation, Brad will discuss tips for dealing with the IRS on estate and gift tax issues.  Some of the IRS hot topics for discussion will be:
    • Taxation of S corporations
    • Discounts for lack of marketability
    • Tenant-in-common ownership interests
    • Preferred vs. common stock
    • Charitable donations




12:15 a.m.


Wrap Up - Key takeaways from this Meeting




12:30 p.m.


Meeting Adjourned and Lunch


*** Business casual attire for meeting ***