This program is eligible for 2 hours of CLE credit in 60-minute states. In 50-minute states, this program is eligible for 2.4 hours of CLE credit. Credit hours are estimated and are subject to each state’s approval and credit rounding rules.
Overview
In this session, panelists will provide recommendations for advising business owners about succession and transition options for their business, including (i) transitions to the next generation of family owned businesses, (ii) management buy outs, (iii) ESOPs, and (iv) a conventional sale to a third party. The presenters will identify key differences between these options and will describe steps that can be taken in advance by a business owner in preparation for this important decision about the future of their business.
Recorded in October 2025.
Faculty
Sean-Tamba Matthew, Esq.
Sean-Tamba Matthew is a shareholder of the law firm Stevens & Lee and also works with its affiliated business, SES ESOP Strategies. He advises companies, business owners, boards of directors and employee stock ownership plan (ESOP) trustees on transactional, corporate governance and formation matters related to the design and implementation of ESOPs. Sean is a frequent guest speaker on a range of ESOP-related issues. He is also an Adjunct Professor at Temple University’s Beasley School of Law. In addition, Sean is a member of the leadership council for the Business Law Section of the Pennsylvania Bar Association, an advisory board member of Talley Management Group, an employee-owned company, and a member of the executive committee of The ESOP Association’s Public Policy Council. In addition to his professional work, Sean serves as a member of the Board of Directors of Independence Mission Schools, a network of 15 independent Catholic schools providing a transformative education to children of all faiths across Philadelphia, and Nutritional Development Services of the Archdiocese of Philadelphia, an organization dedicated to alleviating food insecurity in Southeastern Pennsylvania. Sean was named among the 2021 Greater Philadelphia Region’s “40 Under 40” honorees by the Philadelphia Business Journal. He received his J.D. from Temple University Beasley School of Law and a B.A. in Political Science from the University of Pennsylvania.
Paul T. Rushton, Esq.
Paul T. Rushton, Esq. is a partner with the law firm of Rosenn, Jenkins & Greenwald, LLP and is the Chair of its Business & Finance Department. Paul practices exclusively in the areas of corporate law and mergers and acquisitions and frequently advises clients on governance issues and preparing for the sale of their business. Paul is a member of the Title 15/Business Associations Committee of the Section on Business Law of the Pennsylvania Bar Association, the Section’s Council and the Section’s Closely Held Business Committee. Paul is the current Vice Chair of the Business Law Section and Chair of the Section’s Closely Held Business Committee. He regularly presents seminars and prepares articles about corporate issues affecting closely held businesses.
Michael D. Ecker, Esq.
Mr. Ecker is a Member of the Business Division of the Philadelphia office of Eckert Seamans Cherin & Mellott, LLC. He negotiates and documents business relationships, including emerging growth & technology, financial institutions and health law. Mr. Ecker represents entrepreneurs, publicly and privately held emerging businesses, corporations, partnerships and joint ventures in diverse industries in a variety of corporate and transactional matters, including mergers and acquisitions, public and private finance and corporate governance. His transactional healthcare and e-Commerce practice includes negotiation and preparation of software licenses, as well as joint venture, employment/severance and equity ownership agreements. A frequent lecturer, Mr. Ecker speaks to professional organizations on subjects including legal and corporate developments in healthcare law, e-commerce, mergers and acquisitions and corporate governance. He is a member of the Philadelphia (Business Law Section), Pennsylvania (Business Law Section) and American (Business and Health Law Section) Bar Associations. He is a member of the Pennsylvania Bar Association Committee on Legal Ethics and Professional Responsibility. Mr. Ecker is admitted to practice in Pennsylvania and before the U.S. District Court for the Eastern and Western Districts of Pennsylvania. A 1980 graduate of Northwestern University (B.A., economics), he received a JD/MBA from Emory University in 1984 and holds an AV ® rating from Martindale-Hubbell. Mr. Ecker can be reached at [email protected].

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