Our own Paul T. Rushton and Lee S. Piatt will present a seminar at the upcoming PBI Business Law Institute that will be held virtually on November 16th.
Paul’s and Lee’s presentation, titled “Too Close for Comfort; Equity Offer and Governance Agreement Considerations for Closely-Held Businesses in Transition,” will identify several issues that should be considered by the existing owners of a closely held business in deciding upon the terms of an equity offer designed to retain young talent in the business. Lee and Paul will also describe the provisions that should be included (or at least considered for inclusion) in the governance agreement for the entity and the key protections concerning such provisions that the existing owners should consider adopting before admitting new owners to the business.
Lee and Paul are partners in RJG’s Business & Finance Department and practice exclusively in the area of corporate law. They are members of the Title 15/Business Associations Committee of the Section on Business Law of the Pennsylvania Bar Association, the Section’s Council and the Section’s Closely-Held Business Committee (which is Chaired by Paul). Paul also serves as the Secretary of the Section.