In our recent webinar, Inside Year-End Equity Planning: Personal Experiences from Family Business Leaders, Graham McConnell, CEO and Co-Founder of Nth Round, joined Aaron Smith, Senior Family Office Manager for Vermeer Corporation to share how enterprising families can navigate these challenges.

Addressing the Challenges of Managing a Multi-Generational Family Business

Family businesses often encounter challenges that become more complex over time:
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• Evolving Governance Structures: As family offices mature, governance needs to adapt to ensure clear decision-making between family members and business operations.
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• Balancing Generational Perspectives: Managing a large family with diverse viewpoints requires tools that engage both traditionalists and tech-savvy younger members.
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• Digital Transformation: Moving from outdated systems like spreadsheets to digital platforms is critical for scaling operations, especially as shareholder numbers grow.

These challenges were at the heart of our conversation with Vermeer, a family business that’s successfully navigated these issues using modern solutions.
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Key Insights from the Conversation

In the video, you’ll hear Graham and Aaron discuss practical strategies for year-end equity planning and more. Here are some of the highlights covered:
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• Governance Evolution: Learn how Vermeer transformed its family office over time, creating a clear separation between the Ownership Council and Family Council to ensure smooth decision-making.
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• Digital Solutions for Equity Management: Moving from spreadsheets to Nth Round’s platform allowed Vermeer to digitize stock certificates and streamline cap table management, making shareholder communication more efficient.
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• Strategic Gifting and Estate Planning: Discover Vermeer’s approach to year-end planning, including how they leverage annual gift exemptions and manage cost basis adjustments to support long-term family wealth.
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• Engaging Next-Gen Leaders: With nearly 80 family members involved, educating G4s and G5s on their roles as shareholders is key. Vermeer’s focus on next-gen education ensures a smooth transition of leadership across generations.

How Nth Round Supports Family Businesses

Every family business has unique needs, and Nth Round’s platform is designed to be flexible enough to handle the complexities of multi-generational ownership. Our tools simplify shareholder administration, enhance transparency, and create a central repository for important governance documents, allowing family businesses to focus on long-term growth.
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Whether you’re just beginning your digital transformation or supporting the next generation of leaders, Nth Round is here to help.
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Ready to Transform Your Family Business?

Schedule a demo with our team today to see how Nth Round can help you streamline your equity management and build a stronger future for your family business.