SFBA NARI

NARI's Mission,

 Core Purpose,

and Big Audacious Goal 

NARI Membership,

News and

2012 Leadership

Positive Fiscal Year Performance for Chapter

May Meeting - Getting to Know NARI & Other Remodeling Professionals

We would like to again express our thanks to our April meeting co-hosts Ken Burghardt and Ron Sasina of Domicile and Chip Doyle of Sandler Training. 

Mark Callender

We would also like to thank our guest speaker, Rodrigo Santos of Santos & Urrutia, Structural Engineers.    It was another excellent attended meeting with great networking, great food and an engaging speaker. 

 

At the April Board meeting, the Chapter's fiscal year financial statements were approved.  The Chapter was fortunate enough to have a positive financial outcome for the year.  We were able to outperform the budget that was established in March 2011.  This success was due to the hard efforts of many members.   The financial statements are available to all members for review upon request.  Inquiries can be directed to Judy Tufo, Executive Director, at

(415) 391-2886.

 

In governmental affairs, we were able to assist and work closely with our industry

Matt Podesta

partners,  organizations such as NKBA and our own California Coalition, to ensure that AB 2482, the California Design Licensing Bill, was withdrawn from consideration.  This Bill, if passed, would have negatively impacted the ability of many in our industry to perform design services.
  

Special thanks to HouseWORKS, Paradigm Concrete & Construction, and Wingard Construction and their respective staff members, for their involvement in "National Rebuilding Day" on April 28.  The SFBA NARI-Rebuilding Together partnership goes back over 8 years, and we are proud to support their excellent work.  A big thanks also goes to Commins Construction for their generous monetary donation. 

 

We are pleased to announce that one of our members was the recipient of the coveted National COTY Award.  A big congratulations goes to McCutcheon Construction for this accomplishment! 

 

Our May Chapter meeting focus will be on getting to know NARI and other remodeling professionals.   We have a great format created in which all of those in attendance will get to interact in a formal structure while discussing some of the most important issues in our industry.  We are really encouraging members to invite guests that would be interested in learning more about the NARI.  Not only is this is a great networking opportunity, but it is also a great opportunity to gain valuable insight into some of the critical topics and issues we face as remodelers.  As with all of our meetings, the investment of your time will provide a tangible improvement to your business.   We look forward to seeing everyone at the Wooden Window & Restoration Timber Showroom at 5pm on May 9!

 

Mark

Mark Calender

2012 Chapter Co-President

 

Matt

Matt Podesta

2012 Chapter Co-President

Thank You to Domicile and Sandler Training

For A Fabulous Chapter Meeting!

"Getting to Know NARI and Other Remodeling Professionals"

 

The San Francisco Bay Area

 Chapter of NARI

 

 Invites You to Attend the 
 May 2012 Chapter Meeting & Membership Drive

 

 

"Getting To Know NARI and
Other Remodeling Professionals"

 

Wednesday, May 9, 2012

5:00-8:00pm

 

 

Wooden Window/Restoration Timber Showroom

 111 Rhode Island Street, Suite F

 San Francisco CA 94103

(415) 357-1370

REGISTER AT THE SFBA

NARI WEBSITE

  

                  Register Here                  
 

    

 

We Look Forward To Seeing You There!

 

Members Register Early for Chance at Marketing Their Businesses

We had two companies at our April Chapter Meeting make "Marketing Moments" presentations!  Early registering member companies have a opportunity to market themselves in a couple of minutes or less with this program.  This is done spontaneously throughout the networking/dinner hour of the meeting by a SFBA NARI Board or Committee Member, whereby they ring a bell during different times during the hour,  giving each winner their moments.  This is a quick and fun way to get your company name out there!

April's "Marketing Moments" were supplied by the following companies: 

Collier Ostrom, Inc. Remodeling Contractors
David Ostrom, MCR, CKBR 

 Tulip Hardwood Floors

                    Heidi Headapohl

Register early for the monthly chapter meetings to get your opportunity for "Marketing Moments!"             

McCutcheon Construction Wins Prestigious National Award

We Welcome the Newest SFBA NARI Members:

 Kelly-Moore Paint Company

San Francisco, CA 

Lutron Electronics Co., Inc.

San Francisco, CA

Welcome to the SFBA NARI Family!

Ready, Set, Grow Your Business - Special Training Program

Proceeds Go To Rotary International's Polio Eradication Program 

Early Registration Cost of $199 Extended to June 2, 2012

Exclusively for NARI Members

Sponsorships and Avertising  Now Available

Market Your Business to NARI Members and Guests

San Francisco Bay Area NARIoffers a variety of advertising and sponsorship packages for you to market your business.   We offer you the following advertising and sponsorship packages  to provide information and market your products or services:  

• REMMIES/Leadership Dinner Sponsorships
• Golf Tournament Sponsorships
• Chapter Meeting Sponsorships
• Advertising Sponsorships in Monthly Newsletter
• Advertising Sponsorships on SFBA NARI Website
• Education / Certification Sponsorships
• Co-sponsorships are available; Partner with Another Member
• Full Year Sponsorship Packages  

For more information about the our sponsorship and advertising programs, please contact one of the Chairs of our Business Development Committee, David Ostrom (david@collier-ostrom.com) or Marc Lindsell (marc@2marchitecture).  You may also contact Judy Tufo, Executive Director by phone at (415) 391-2886 or by email (judy@sfbanari.org).   

Advertisers and Sponsors Corner

Thank You to Our Generous Sponsors and Advertisers:

This is not very happy stuff, but with several recent, untimely, and sad deaths of clients the matter of succession planning has become a front burner issue.

All of us will be leaving our work, voluntarily or involuntarily.  If we properly prepare, the involuntary departure can still be followed by an orderly succession in the business.

Estate Planning And The Living Trust

Estate planning covers a gamut of topics.  Estate planning and living trust likely are terms you are familiar with.  However, because the purpose of this article is limited to providing a brief outline of specific available legal and transactional tools to be utilized as part of an orderly succession plan, only brief summaries are provided.

What is a "living trust"?  Just like a will (a simpler estate planning device), a revocable living trust is a written document that lets you direct how your property will pass after your death. Unlike a will, it also directs how you want your property managed during any disability.

To establish a living trust, the person creating it has a trust document drafted and then transfers his or her property into the trust.  This transfer is known as "funding" the trust.  The trust does not take effect until the creator effects the transfers.

A living trust initially takes effect during the creator's lifetime.  The creators of the trust usually name themselves as the initial trustee responsible for managing the trust. This allows the creator to keep control over the trust property during his or her lifetime.  He or she may move money and assets in and out of the trust as appropriate.  This trust property could and should include assets of your business or the business itself. 

In addition to the lifetime control of the trust assets, the person creating it may revisit the structure of the trust later and make any changes that he or she feel are appropriate. 

Why is it a good idea?  By placing property into a trust, the trust is self executing and thus no probate in court - which is a slow and very costly process.  (The cost of a trust is very cheap in comparison to probate costs.)  The court gets no control over the trust's assets, and can not tie up them in a lengthy process. The trustee simply distributes assets to named heirs - but only if those assets have actually been placed inside the trust.

Who to see?  If you are one of those rare persons who doesn't have fifteen immediate family members who practice law, your business attorney could make a recommendation to an estate planning specialist.

Buy-Sell Agreements

A Buy-Sell Agreement (also known as a buyout agreement) is a binding agreement between co-owners of a business that governs what happens if a co-owner dies, is forced to leave the business, or chooses to leave the business.  This type of agreement is ideal for business that are owned or controlled by more than one person.  It may be thought of as a sort of premarital agreement between business partners/shareholders.

Tt usually works like this: two or more persons enter into an agreement funded by insurance.  Typically if something happens to an individual named in the agreement - death or disability - this triggers a buyout funded by the insurance.

Tailoring such an agreement to fit one's specific needs can be done through the use of different contractual provisions.  Generally a Buy-Sell Agreement controls these following business decisions: 

• Who can buy a departing partner's or shareholder's share of the business (this may include outsiders or be limited to other partners/shareholders);
   
• What events will trigger a buyout, (the most common events that trigger a buyout are: death, disability, retirement, or an owner leaving the company), and;
   
•  What price will be paid for a partner's or shareholder's interest in the partnership.           

Why it is a good idea.  A chief concern of the owners of a small, closely held business is what would happen to the business if one of the owners could no longer continue. Surviving owners generally want to ensure a continuity of ownership and management without necessarily having the departing owner's successor thrust upon them. Nor do they want to unduly compromise the liquidity needs of the business by funding a significant buyout. Disabled or deceased owners would want their families compensated fairly for their share of the business.  For any and all of these concerns, a Buy-Sell Agreement is the solution. 

Who to see?  Your business counsel.

Next Month's Article:  Keeping The Business Going.

So now that you have a living trust and a Buy-Sell Agreement, what happens to your business if due to disability or deathyou are unexpectedly unable to continue your involvement?  The obvious questions addressed in the next article are:

·       Who will administer your business? 

·       Running the ongoing jobs/licensing. 

·       Finances and Accounting.

 #   #   #   #  

Previous Articles.  For my previous articles, please visit SFBA NARI's website and click on the link "In the News/Newsletter" under "For the Trade."  They are also available on my website under "Articles."      

 Bryant H. Byrnes, Esq. practices construction law in the San Francisco Bay Area and is counsel to the SFBA NARI Board of Directors.  Bryant's website is www.bryantbyrnes.com.  Feel free to contact him by email at bhbatty@pacbell.net.      

NARI National Online Courses, Webinars and Social Media 

Webinars and On-Demand Video 

 

Participate in live webinars, or watch on-demand from NARI's growing library.

NARI Radio provides on-the-go education and information, 

and is also available on iTunes.

Explore All NARI Programs, Blogs, YouTube and

 NARI on Facebook and Twitter! 

Click Here for All NARI Education Programs 
 

BuilderLink Webinars

Click Here For A Complete List of Webinars

Build it Green and SFBA NARI Partnership

Build It Green Upcoming Training and Events

SFBA NARI and Build it Green have entered into a partnership for 2012-2013. 
 As part of this partnership,

SFBA NARI will provide:

• A 10% discount on SFBA NARI memberships for Build It Green Members who wish to become NARI members.  This discount applies to the first year of membership only.
•  Build It Green's Logo to appear on SFBA NARI website and marketing materials as a NARI partner

Thank You to Our 6th Annual Golf Tournament Sponsor:

Club Pro Sponsor