EFPCSNJ SEPTEMBER 18, 2025 EDUCATIONAL BREAKFAST EVENT
Managing Transitional Events Among Family-Owned Companies: What If the Principals Disagree?
Date: Thursday, September 18 2025
Time:
8:00 am Registration and Breakfast Open
8:45 am Opening Remarks
9:00 - 10:00 am Educational Program
Location: Laurel Creek Country Club
Speakers:
Jason A. Levine, Esq. - Hangley Aronchick Segal Pudlin & Schiller
Curtis L. Golkow, Esq. - Golkow Business Law LLC
Michael Masciandaro, Esq. - Hangley Aronchick Segal Pudlin & Schiller
Cost: EFPCSNJ Members - $45.00 Non-Members - $70.00
This Meeting is being Generously Sponsored by:
Interested in sponsoring the first event of this program year? - email [email protected]
SESSION TITLE:
Managing Transitional Events Among Family-Owned Companies: What If the Principals Disagree?
SESSION DESCRIPTION:
At the EFPCSNJ’s meeting in May 2025, we learned about how to ensure that the business relationships among the 2nd and 3rd generations of family-owned companies remains cohesive, positive, and focused on the long-term growth and sustainability of the business. That is always the goal, but not always the reality. As millions of baby boomer-owned companies approach transitional events, there will inevitably be disputes among the next generation of owners. Some members of the 2nd and 3rd generations may want to sell the business; others may want to keep the business in the family; and others may want to maintain passive ownership but hire others to manage the business. There may also be difficult interpersonal dynamics at play.
In this presentation, we will explain what happens when principals do not share the same vision about the future of the company. We will focus on (1) owners’ potential rights (e.g., right to information; right to sell interests, right to manage), (2) the company’s and its principals’ duties to all owners, and (3) how to protect our clients, whether they be minority interest holders, directors and officers, or the company itself. The presentation will provide an overview of how these disputes play out – from prelitigation correspondence and strategizing; to litigation or arbitration; and ultimately to resolution.
LEARNING OBJECTIVES:
Explain when and why disputes among principals of family-owned companies tend to bubble up to the surface.
Educate on the legal rights, obligations and duties of the various constituencies in a family-owned business.
Provide strategies to maximize client protections and goals as their companies approach transitional events.
Arm EFPCSNJ’s participants with resources on how to navigate these conflicts before they escalate.
SPEAKERS:
Jason A. Levine, Esq.
Mr. Levine is a shareholder and member of the Management Board at the Philadelphia-based firm of Hangley Aronchick Segal Pudlin & Schiller, where he practices in the Litigation Department in Pennsylvania and New Jersey, focusing in particular on disputes involving privately-held companies, including shareholder and partnership disputes and claims of breach of fiduciary duties. Mr. Levine often writes and speaks on emerging legal topics, focusing specifically on issues involving privately-held companies. He earned his bachelor’s degree from the University of Pennsylvania and then graduated magna cum laude from Penn’s Law School. Outside of his legal practice, Mr. Levine is a Vice President and Board member of the Jewish Federation of Southern New Jersey.
Curtis L. Golkow, Esq.
Mr. Golkow is the founding member of Golkow Business Law LLC, a boutique law firm devoted to business, securities and finance law. For more than 35 years, his practice has concentrated heavily on mergers and acquisitions, joint ventures and strategic alliances, capital-raising and other financing transactions, employment and compensation arrangements, and a wide array of other business and commercial matters. Mr. Golkow regularly counsels clients in the development and implementation of strategic plans, including business plans for start-up and expansion stage companies and succession plans for family businesses. He devotes a substantial portion of his practice to handling business divorces, often involving complex issues of corporate governance. He is a member of the American Bar Association and Philadelphia Bar Association, where he served on the Executive Committee of the Business Law Section and is a former Chair of its Mergers & Acquisitions Committee. Mr. Golkow is a frequent speaker and lecturer on business law topics. He received his J.D. in 1988 from the University of Pennsylvania Law School, where he was a Senior Editor of the Journal of International Business Law, and received his B.S. in Economics, cum laude, in 1985 from the Wharton School of Business, University of Pennsylvania.
Michael Masciandaro, Esq.
Mr. Masciandaro is an associate at Hangley Aronchick Segal Pudlin & Schiller. A member of the Litigation Department, he focuses his practice on commercial and business disputes, legal malpractice and ethics, and public law. He has partnered with entities ranging from local nonprofits to multinational corporations in complex commercial litigation, and he has represented public and private individuals in matters related to professional ethics, fiduciary duty, and public powers and authority. Mr. Masciandaro is currently a member of the University of Pennsylvania Law School’s Inn of Court; he has served on Law360’s editorial board for Pennsylvania and as a board observer to the Education Law Center. He received his bachelor’s degree summa cum laude from the University of Pennsylvania and his law degree from Yale Law School. Prior to law school, Mr. Masciandaro did graduate work in history at the University of Cambridge.
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About Us
The Estate and Financial Planning Council of Southern New Jersey, Inc. is a professional association of estate and financial planning practitioners in the southern NJ region.
The objectives of the Council are: to provide a better understanding of the services its members can render to the general public; to promote cooperation between each of the membership groups of this organization and to foster a better understanding of the proper relationship which each group bears to the other, to its clients and to the general public; to promote the awareness and usage of financial planning through appropriate means, including education; and to promote the interests of its members through the sharing of knowledge and expertise.
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