Off the Record Fall Issue

September 2016

In This Issue....

Our Commitment to Comprehensive Exit Planning
Reaching For Gold In Business
The Importance of Having an Advance Directive
Upcoming Seminars and Events

FOR BUSINESSES & ORGANIZATIONS

Our Commitment to Comprehensive Exit Planning

More and more clients are asking us what they should be doing now so they are prepared when it comes time to exit their business. The business attorneys at Davis, Agnor, Rapaport & Skalny are committed to being proactive in assisting business clients and their other professional advisors in developing a comprehensive exit plan as part of their overall business plan.

Part of this commitment involves simply introducing clients to the concept of exit planning and educating them on various strategies that can help them achieve their personal goals. As a start, we will begin sending out periodic articles on the subjects relating to exit planning. We hope you will find these articles informative and that you will feel free to contact us if you would like to discuss any of these subjects further. Of course, if you don't wish to receive these articles, please feel free to "unsubscribe" or simply let us know you are not interested.

We will also be sponsoring small seminars or panel discussions on various business succession topics that are of particular interest to our clients. We would urge you to invite your accountant and other professional advisors to join you. We believe exit planning is best played as a team sport, and we look forward to the opportunity to work collaboratively with all of your other advisors.

Above all, we view our new commitment to comprehensive exit planning as an opportunity to hear more about your business, and to helping you figure out a succession strategy that best suits you.

We look forward to helping you Raise The Bar for your business.

Reaching For Gold In Business

The timing is right to focus on your business' financing needs. If your business is currently financed by its own operations or owner's funds, consider adding some external leverage. If your company currently has a lending relationship, consider refinancing it. Regardless of how you have been "always" financing your business, it makes sense to revisit that practice from time to time so you can be sure that the business is taking advantage of its strengths. Read more.

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FOR INDIVIDUALS & FAMILIES

The Importance of Having an Advance Directive

Imagine this: Your daughter goes off to college across the country. A month later, you get a call from your college student's roommate telling you that your daughter is in the hospital. When you call the hospital for details, the doctor tells you that you aren't authorized to receive her medical information. How can this be? How do you prevent this from happening to you? Read more about this essential legal document.

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UPCOMING SEMINARS AND EVENTS

Talent Talks - Strategies to Employ, Engage & Excel
September 22 from 7:30am-2:00pm at Loyola Univ.

Are you ready to get fresh viewpoints and hear inspiring stories to help elevate your business knowledge and professional growth?

The Howard County Human Resources Society (HoCoHRS) and the Howard County Chamber of Commerce are hosting their 2^nd annual conference for small businesses and HR professionals. Click here for more information including how to register.

Long Term Care Planning - What You Need To Know

Tuesday, November 15 from 8-10am at Hobbits Glen Golf Course Clubhouse

This breakfast presentation, featuring members of our Estate Planning Practice Group, will discuss this topic that is frequently shared as a top concern with our clients. Ways to pay and plan for long term care is an important topic that will be addressed during this seminar. Click here for more information including how to register.

Party in the Pit - Concert Fundraiser To Benefit Historic Ellicott City
Friday, October 14 from 6-11pm

On Saturday, July 30th, Ellicott City, Maryland was devastated by a flash flood that killed two people, caused millions of dollars in property damage, and displaced hundreds of residents and businesses. In an effort to rebuild Ellicott City join us at "Party in the Pit" where 100% of the proceeds benefit the Ellicott City Partnership, a 501(c)3 non-profit organization.

For more information about the event and to purchase tickets, click here.

Overtime Overhaul Panel Discussion Part 2

Thursday, October 27 from 8-10am at Sheraton in Columbia

Join us for part two of a critically important panel discussion regarding the "Overtime Overhaul"; a major ruling from the U.S. Department of Labor which increases the minimum threshold for salaried workers and makes sweeping changes to exempt/non-exempt status considerations, effective December 1, 2016. Employment Law Attorney Cheryl Brown is one of the featured panelists. Click here for more information.

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