Successful Transitions | Welcome to our Inaugural Issue

From Our Center for Private Business Owners

With one of the most comprehensive backgrounds in the private business sector, PKF O’Connor Davies offers today’s private businesses extensive and exceptional services. Our talented specialists address business, personal and generational priorities, enabling owners to focus on ongoing operations and growth. In this newsletter, we share the latest information on accounting, federal and local taxes, administration, succession planning, charitable giving and more. Not only will these insights help position you and your business for continued success, they will help you serve your own clientele efficiently and in compliance with evolving business and regulatory standards.

We invite you to peruse the following key topics in this issue:

Operating A Privately Held Business

Designing an Effective Cybersecurity Strategy for Private Business Owners

This article provides an understanding of the cyber risk your business faces and viable actions you can take to mitigate it.

Intra-Family Transitions

Intra-Family Business Succession: Best Practices

A must-read article containing actionable tips in preparing your family legacy business for succession. Read more >>

Partner & Employee Succession Planning

Effective Succession Strategy: Employee Stock Ownership Plan (ESOP)

Find out the advantages of establishing an ESOP for your family and trusted employees which may make turning over or selling the business more attractive financially and personally. Read more >>

The Outright Sale

10 Ways to Position Your Business for a Successful Sale

If you’re considering a sale this year or in 2024, now is the time to get prepared. Start by checking these critical deal success factors. Read more >>


Alliant Family Enterprise Risk Index

Alliant Private Client launched their Family Enterprise Risk Index, based on a survey of 145 family enterprises across the United States, the majority of which represent multi-generational families. Read more >>

Book Club

We recommend the book Succession Planning for Small and Family Businesses. It details successful business transitions and can assist you in answering questions such as:  Who will lead your organization into the future? Find it here >>

Contact Us

Stephen Prostano, CPA, JD, LLM
PKF O’Connor Davies Family Office | 914.421.5615

Cynthia Adams Harrison, Ed. D., LICSW
Managing Director, Center for Private Business Owners
PKF O’Connor Davies Advisory Services | 914.575.2744