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The Next Chapter: Business Succession Planning

Those who’ve started a business know: the business is your baby. It takes love, patience and sleepless nights to get it on its feet. As it grows, you’re so proud of it. But just like a child, there comes a time when you have to let the business go. And the hope is that you’ve prepared your business to function independently, without your guidance. Can your business survive without you? Can it thrive?

 

Whether it’s by design or unexpected, there will be a day when you’re no longer able to run things as you once did. If you’ve prepared right, your business will be able to keep flourishing long after you’ve retired. But what does that preparation entail? It starts with a strong business succession plan, an area of expertise for our two guests on this episode: Ari Marin, Senior Vice President, Wealth Strategist at Cadence Bank, and Eric Priamo, founder and managing partner of Juniper Equity.

 

Together we’ll cover the key aspects of a business succession plan, like proper valuation provisions and operational redundancy, and how corporate governance structures can help you achieve those goals. Ari and Eric will also lead us through how to tackle the hard, emotional conversations that come with succession.

 

So join us as we write a new chapter: for your business, your family, and you. Read the full show transcript.

 

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Patrick PachecoPatrick Pacheco, Executive Vice President, Trust Executive, has more than 25 years’ experience in wealth management, in addition to the designing and implementation of tax and related planning strategies.

Pacheco’s background includes years of legal practice and multiple degrees, including an LLM* Taxation from University of Houston, a JD from Southern Methodist University, and both an MBA and BS in Economics from University of Texas at Arlington.

He is also board certified in Estate Planning and Probate law by the Texas Board of Legal Specialization.

 

Meet the Speaker

Ariel MarinAriel "Ari" Marin, J.D.*, CFP®, Senior Vice President, Wealth Planning Strategist specializes in estate, income tax and asset protection planning as well as business succession and family governance.

 

He is a graduate of The George Washington University, received his J.D. from City University of New York School of Law and is a graduate of the Tax Program at Villanova Law School. Additionally, Marin is a Certified Financial Planner™ and Chartered Life Underwriter (CLU).

 

 

 

 

Eric PriamoEric Priamo is the founder and managing partner at Juniper Equity. He is focused on providing advisory and transaction execution services to middle market and lower middle market companies. He works closely with each client to analyze their business and optimize outcomes.

 

He has over 8 years of corporate finance and financial advisory experience. Prior to Juniper Equity, Mr. Priamo worked for Palomino Capital where he led the execution of M&A transactions for clients. He also previously worked for New York Life where he led the business exit and succession planning team at The Nautilus Group. He worked with business owners to provide valuation and transaction advisory services while guiding them through strategies to prepare a business for a potential exit.

 

Mr. Priamo earned a Bachelor of Science in Commerce from the University of Virginia. He also holds a Master of Business Administration from the University of Texas at Austin.

 



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*Cadence Bank does not provide legal, accounting or tax advice to any client who receives trust services from Cadence Bank.

 

This podcast is provided as a free service to you and is for general informational purposes only. Cadence Bank makes no representations or warranties as to the accuracy, completeness or timeliness of the content in the podcast. The podcast is not intended to provide legal, accounting or tax advice and should not be relied upon for such purposes. To the extent that this podcast includes predictions about the economy, these predictions are subject to a number of variables and you should confer with your legal, accounting and tax advisors for their input regarding the possible outcomes of any economic subject matter discussed herein.