Michael N. Mercurio Launches Roundtable Advisory Group for Regional Family Business Leaders
For Immediate Release Baltimore, MD | January 12, 2015 Michael N. Mercurio, chair of Offit Kurman’s Business Law and Transactions Practice Group, has launched an advisory group for family businesses. Sponsored by Offit Kurman, the Family Business Roundtable (FBR) of the Greater Baltimore Area provides peer support and professional guidance for leaders of multigenerational, family-owned and operated businesses. Mr. Mercurio and Denise O’Neill, executive coach and owner of The Alternative Board’s Baltimore Washington Corridor, co-facilitate the group. The FBR aims to give decision-makers involved in family businesses a relaxed, confidential forum to discuss their unique obstacles and opportunities, exchange ideas and experience, and learn together. To be eligible to join, an individual must be a family member in top tier position of responsibility in a family-owned business of at least two generations. Additionally, two family members must be active in administration of the organization, which must be run by a first- or second-generation family member and have been in business for at least 10 years. “A family business is just like any other business—except it’s almost always more successful, and just as frequently, more challenging to run,” said Mr. Mercurio. “Decisions like promoting one brother over another, or when to transition ownership to one’s children, take an exceptional kind of leader, one who is able to balance business and personal matters effectively. Often, these executives feel like they are alone. They don’t have to be.” Already established in Maple Lawn, Maryland—thirty minutes from downtown Baltimore—the FBR will soon open a second chapter in Frederick. The group meets on the second Tuesday of each month from 9:00–10:30am at Offit Kurman’s offices at 8171 Maple Lawn Boulevard, Suite 200. For more information about the Family Business Roundtable or to apply for membership, contact Michael N. Mercurio, or visit the FBR homepage here.
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