OK at Work

Russell Berger & Sarah Sawyer, Offit Kurman

OK at Work, hosted by Offit Kurman attorneys Russell Berger and Sarah Sawyer, is a weekly podcast that discusses current events and legal issues impacting business owners. From updates on the ever-changing employment law landscape to the risks and benefits of integrating AI into your workplace, subscribe to stay up-to-date on issues and events that may impact you and your business.

  1. Jun 2 ·  Video

    Preparing for Succession Transitions

    Attorneys Sarah Sawyer and Russell Berger of Offit Kurman discuss why businesses should prioritize succession planning before a crisis occurs. They explain that succession planning starts at the top in owner-operated companies, including having plans such as a buy-sell agreement for when an owner departs, retires, or exits on an unexpected timeline. They also emphasize planning throughout the management ranks by asking leaders who would step into their role tomorrow and creating contingency coverage for key responsibilities. Acknowledging these can be uncomfortable and emotional conversations, they argue that addressing them while things are running smoothly helps keep the discussion practical and focused on the shared goal of continued success. Planning ahead, like buying insurance, helps protect the organization, employees, and families who depend on it and allows leaders to manage unexpected events without scrambling. 00:00 Succession Planning Intro 00:27 When Life Happens 00:53 Owner Transition Basics 01:25 Who Is Your Backup 01:57 Handling Uncomfortable Talks 02:56 Insurance Mindset Planning 03:23 Protecting People and Business 03:47 Clarity During Crises 04:24 Wrap Up and Goodbye (00:00) - Succession Planning Intro (00:27) - When Life Happens (00:53) - Owner Transition Basics (01:25) - Who Is Your Backup (01:57) - Handling Uncomfortable Talks (02:56) - Insurance Mindset Planning (03:23) - Protecting People and Business (03:47) - Clarity During Crises (04:24) - Wrap Up and Goodbye

    5 min

About

OK at Work, hosted by Offit Kurman attorneys Russell Berger and Sarah Sawyer, is a weekly podcast that discusses current events and legal issues impacting business owners. From updates on the ever-changing employment law landscape to the risks and benefits of integrating AI into your workplace, subscribe to stay up-to-date on issues and events that may impact you and your business.