Identifying the Issues in Your Family Owned Business
Hal Miller
This discussion will cover the issues that are universal to family owned businesses. Participants will go over a checklist of questions that all family owned businesses must address to begin determining their business/family stands on those questions.
Stockholder Agreements for Family Owned Businesses
E. Clifton Hodge
Shareholder Agreements establish the legal relationship between the owners. It defines who may own, how sales may be made, and how buyouts are financed. Poor agreements can and have caused litigation and tax problems.
What Small Every Small Business Owner needs to Know About Business Valuation
Beverly Pogue
One of the major concerns associated with family owned businesses is determining their value. Pogue will cover those factors which determine the value of a small business. She will also discuss what drives value in a small business.
Guidelines for Preventing and Managing Conflict in Family Businesses
W. Allen Watson
Conflict has historically been one of the defining characteristics of a family business. This portion of the seminar will highlight common ingredients and outcomes of conflict in family businesses and focus on specific guidelines that can be followed to help both prevent and manage such conflict.
Harold D. Miller Jr. was recently named director of the Family Business Institute offered through Millsaps College by Howard McMillan, dean of the Millsaps College Else School of Management. Miller is a graduate of Millsaps College and the University of Mississippi Law School. He has a unique history with and interest in family-owned businesses, as his father started Miller Transporters 65 years ago. The company is now owned by the second through fifth generations of the Miller family. Miller himself was also one of the founders of Ergon, a conglomerate now owned exclusively by the Les Lampton family. Miller has been a member of Butler, Snow, Omara, Stevens & Cannada law firm for 48 years, during which time he has represented numerous family-owned businesses and mediated disputes between members of family-owned businesses.
E. Clifton Hodge is a partner in the Jackson Office of Mockbee Hall & Drake PA. He graduated from the University of Mississippi (B.A.A. 1964 and J.D. 1967) and Harvard Law School (LL.M. 1970). From 1974 through 1982, he was a professor of law at the University of Mississippi, where he taught courses in corporations, securities regulation, and business planning. He has represented clients in corporate mergers and acquisitions, corporate planning and contracts, and matters related to securities regulation. He has been involved in litigation and arbitration concerning business disputes in all areas of Mississippi.
Beverly Pogue, CPA/ABV, is currently a manager in HORNE LLP’S Fraud, Forensics, and litigation practice. Since joining HORNE in 2002, she has worked in various valuation and litigation support roles including general business valuation, valuations of health care entities and health care related assets, calculation of lost profits, and lender liability. Beverly received her Bachelor’s of Science degree from the Mississippi University for Women and her Master’s of Accountancy degree from Millsaps College. She is a licensed CPA in Mississippi and has earned the designation of Accredited in Business Valuation (ABV), awarded by the American Institute of Certified Public Accountants (AICPA).
W. Allen Watson is a principal consultant with Workplace Solutions Group, LLC, a human resource management (HRM) firm that provides consulting services in a variety of HRM areas, including, but not limited to, personnel selection and placement, performance appraisal, training and development, and organizational change and development. He holds an undergraduate degree from Hampden-Sydney College and a doctoral degree in industrial-organizational psychology from The University of Southern Mississippi. He is a member of the American Psychological Association (APA) and the Society of Industrial-Organizational Psychology (SIOP)
