What to Know About Selling, Transitioning, or Closing Your Business

Nov 17, 2022

This is the third webinar in SMACNA's three-part Withdrawal Liability webinar series.

The time to think about withdrawal liability is years before you might be wanting to close or sale a business. Learn what a contractor needs to understand about unfunded liability and the assessment of withdrawal liability if considering selling its business, closing shop or transitioning the business to the next generation.

Important takeaways will include:

  • Who is liable for unfunded liability if triggered
  • How to structure a sale to avoid triggering a withdrawal

This webinar will be led by Michael McNally, Partner with Fox Rothschild. Michael concentrates his practice primarily on collectively bargained plans. He represents multiemployer plans, plan fiduciaries, contributing employers and employer associations in a myriad of issues such as plan funding, governance, fiduciary responsibility, collective bargaining benefits issues, prosecution and defense of withdrawal liability disputes and ERISA litigation.

Michael has extensive experience advising clients in the highly technical and specialized area of withdrawal liability to multiemployer pension plans.