Our guest today is Rick Calabrese. Rick is a licensedattorney and CPA in the Commonwealth of Pennsylvania, and also has a Masters of Law in Taxation from Villanova University, School of Law. Prior to law school, Rick obtained a B.S. in Business Administration from the University of Pittsburgh. After graduating, Rick worked at “Big 4” accounting firm, PricewaterhouseCoopers LLP prior to engaging in the active practice of law primarily in the fields of tax, corporate-business, M&A and commercial realestate at suburban Philadelphia based law firms.

During his time practicing law (which he still does part-time), Rick handled multi-million dollar transactions for small to medium sized businesses. While many other clients may have to use multiple advisors on a given transaction, Rick used his unique and specialized tax, business, M&A and CPA background to assist clients through the entire process, frominitial planning, structuring, drafting purchase agreements, and closing.

• In this episode of Family Business Today, you will learn:How experience in his family’s businessshaped Rick’s decision to pursue law
• Updated M&A strategies that could helpfamily business owners
• The most common mistakes for family businessowners when exploring a sale or transition
• What family business owners can do if theydon’t have a ready successor
• What makes family business attractive topotential buyers in today’s business climate
• And more…

To learn more about Rick and his company CommonwealthM&A, visit https://commonwealthmna.com/ .

At the Tennessee Center for Family Business our passionis to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your familybusiness contact us today for a FREE  Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!