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DTSTART:20190307T200000Z
DTEND:20190307T213000Z
LOCATION:The Grand Event Center, 4101 E. Willow St
UID:1670920190307T200000ZFamily Owned Business: How to avoid common traps
DTSTAMP:20260501T203501Z
DESCRIPTION:\n \nFamily owned businesses administered by fiduciaries are often the subject of litigation by beneficiaries that believe they are not receiving their fair share of the profit or value of the business. A Fiduciary must maximize income for income beneficiaries and be cognizant of retaining value for residual beneficiaries. This presentation reviews distinct steps that a fiduciary can take to protect themselves from the claim of improper management. \n \n \n ------\n\n \n \nKim is the consulting and forensic accounting partner at Onisko & Scholz. He supervises accounting, audit, review and compilation engagements performed for corporations, s-corporations, limited partnerships, partnerships, estates, trusts and nonprofit organizations. A portion of Kim’s practice is forensic accounting and litigation support.\n \nKim has worked in litigation since 1992 and is often called as an expert witness in the areas of accounting, economic damages and forensic accounting. He has performed economic loss analysis in matters of intellectual property, contract disputes, loss of profits and personal injury cases. He has also performed special forensic engagements for local and state governmental agencies.\n \nKim is Certified in Financial Forensics by the AICPA, Accredited in Business Valuation and is also a Certified Fraud Examiner.\n \nIn the nonprofit world, Kim has significant accounting experience ranging from community based organizations, and governmentally funded entities, to international religious organizations.\n \nHe spent the first 10 years of his career in staff and management positions in industry (Fortune 500 and NASDAQ). He performed financial analysis of manufacturing processes, product lines, and markets. Kim participated in business acquisitions, and assisted in contract and labor negotiations.\n \nKim presents Continuing Legal Education to law firms on a regular basis. He has also presented to the Long Beach Inn of Court and is an Associate Member of the Long Beach Bar Association.\n \nKim is very active in the community. Community positions he has held include: Chairman of the SCAN Foundation, Committee Chairman of the Long Beach Marathon, Board Member of the Long Beach Chamber of Commerce and Board Member of the SCAN Health Plan. Kim’s personal interests include sailing, running and swimming in a competitive league \n  \n \n \n \nThank you to this month's Speaker Sponsor\n \nKeen Home Care\n \n\n
SUMMARY:Family Owned Business: How to avoid common traps - Estate Planning and Trust Council of Long Beach 
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DESCRIPTION:Reminder
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