June 2012

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Episode #25 of the Maryland Construction Network
June 29
, 2012 topics include:

Succession Planning – Part 3 of 3

Guest:  Matheau J. W. Stout, Esq. – www.mjwstout.com – 410-429-7076

  • Focusing on exit strategy helps people work to positive result
  • Business with succession plan and exit strategy allows owner to work on business not in it!
    • This equates to scheduling for business operations
    • Aids in allocating resources and personnel
    • Uses your strengths and delegates your weaknesses
    • You cannot do it alone
  • Surround yourself with quality employees and professionals
  • Succession planning should start when the business is formed or right now!

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Episode #24 of the Maryland Construction Network
June 27
, 2012 topics include:

Succession Planning – Part 2 of 3

Guest:  Matheau J. W. Stout, Esq. – www.mjwstout.com – 410-429-7076

  • Mechanics of Succession Planning
  • Owner vs. Employee
    • Business is Business
  • Limited Marketability of Shares
    • This is a way to create market for shares
  • Valuation of Company
    • Helps determine how much money the company needs to facilitate succession
    • Make plan for exit strategy to meet succession plan
  • Strategic thinking vs. tactical thinking
  • Documenting the succession plan
    • Easily understood
    • Corporate/LLC documents in-line with succession plan
    • Specifies how plan works
    • Clearly defines procedures to eliminate disputes
    • Control of ownership provisions
    • Candid discussion of needs and wants
    • Becomes foundation for company
    • Creates harmony among owners and partners

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Episode #23 of the Maryland Construction Network
June 25
, 2012 topics include:

Succession Planning – Part 1 of 3

Guest:  Matheau J. W. Stout, Esq. – www.mjwstout.com – 410-429-7076

  • A plan for the continuance of the business after an owner/partner stops working
  • Importance:
    • Boosts moral
    • Increases productivity
    • Aids in financing
    • Attracts buyers
    • Reassures customer
  • What are your goals in life?
  • Succession planning helps you attain those goals
    • Addresses needs of business
    • Addresses needs of owner(s)
  • Plan supports the company’s corporate documents in event of succession
    • By-laws
    • Shareholder agreements
    • Buy/sell provisions
  • Insurance is the primary vehicle for financing a succession plan

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#22 The Maryland Construction Network – June 22, 2012

Episode #22 of the Maryland Construction Network June 22, 2012 topics include: Common Insurance Mistakes by Contractors Richard W. Shaw, Jr. CPCU, ARM – VP w/ CBIZ Insurance Services Inc. – 443-259-3209 or rshaw@cbiz.com Insurance is bought to transfer risk from a particular outcome Examine exposures you have that are not covered Evaluate deductibles that […]

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#21 The Maryland Construction Network – June 20, 2012

Episode #21 of the Maryland Construction Network June 20, 2012 topics include:  Tips for Subcontractor Management – Recognizing At-Risk Contractors Mrs. Jennifer M. Horn – Senior Counsel at Cohen Seglias Pallas Greenhall & Furman, PC Signs to recognizing a problem Chronically late material deliveries to project Hearing of, or receiving payment inquiries by suppliers and […]

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#20 The Maryland Construction Network – June 18, 2012

Episode #20 of the Maryland Construction Network June 18, 2012 topics include: Leak Detection Equipment Cam Rogers – VP of Domestic & International Sales for RLE Technologies RLE Technologies engineers and manufactures exceptional leak detection equipment, facility monitoring systems, and custom integration solutions for critical facilities, worldwide Falcon Product Line, Raptor Product Line and SeaHawk […]

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#19 The Maryland Construction Network – June 15, 2012

Episode #19 of the Maryland Construction Network June 15, 2012 topics include: Robert Dietz – Economist for National Association of Home Builders discusses impact of housing market on household wealth and what is needed to get housing back on track Federal Reserve issued Survey of Consumer Finances Done every three years Used 2010 data Household […]

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