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David York, Esq. CPA®

Co-founder and Managing Partner, York Howell & Guymon

Masterclass 7: The Business of Family

There are more than 5 million family businesses in the United States. As a general rule, family businesses outperform non-family businesses, are more values driven, and have less employee turnover. That said, family businesses also face unique and difficult challenges. This presentation will focus on how advisors can help family businesses successfully navigate the rough waters that exist at the confluence of business and family. It will also discuss the 6 kinds of family businesses and the practical yet critical steps that should be taken if a family wants to continue a successful multi-generational business into the future. Finally, the presentation will also review various tax and estate planning techniques for succession planning, including sales to grantor trusts, purpose trusts, ESOPs, preferred interest LLCs, and strategies involving charitable entities.

Biography

David York is co-founder and managing partner of York Howell & Guymon and has extensive experience in designing and implementing advanced tax and estate planning strategies for high-net-worth, nonprofit, and business clients. Mr. York is a Fellow with the American College of Trust and Estate Counsel, a member of the Utah State Bar Budget and Finance Committee, and former chair of the Utah State Bar Estate Planning Section. Listed as a “Mountain States Rising Star” by Super Lawyers, he been named regularly to Utah Business magazine’s “Utah Legal Elite” and as a “Top-Rated Lawyer” by Trusts & Estates Magazine. He is also a co-author of Entrusted: Building A Legacy That Lasts and creator of the Experience Rivets™ Core Values card game. He earned a BS in accounting and a JD, both from the University of Utah.