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Selling out to partner / Jeff Zwirn knocks out Honeywell Vista Fire Alarm Panel
March 14, 2020
Selling out to partner
            I would like your advice as how to go forward with selling my interest in the company to my partner.  We are wondering about the best way to do this.  If you can, please let me know what are the steps to begin working with you and getting this resolved, as well as what other information would you need from me.
            We have a signed shareholder agreement between us, which your office prepared for us.  Our accountant will look into the gifting limits, tax liability and tax burdens for the ownership restructuring.
            How do you value a company that has minimal accounts?
            We do have the All in One contracts that our customers sign.
           The central station that we use agreed to use your contract for monitoring instead of theirs.  They are also listed in The Alarm Exchange.  It is added as additional insured along with and
            What’s the next move?
Name withheld
            From sound of things, so far you’ve done everything right. Shareholders agreement, proper contracts, insurance coverage.  Now it should be easy to transition your share to your fellow shareholder.  In fact the shareholder’s agreement has all the specifics to govern the transaction.  Of course I will guide you through the process.  So engaging K&K is your first step.
            If you’re ready to sell your interest in your business or your alarm accounts and alarm business I’ll be at ISC, so if you’re coming give me a call to get together.  Contact Stacy Spector,Esq to schedule a time.  516 747 6700 x 304 or email
Jeff Zwirn knocks out Honeywell Vista Fire Alarm Panel
            Jeff Zwirn, well known and respected alarm industry technical expert, doesn’t pull punches.  If you use the Honeywell Vista fire alarm panels you’ll want to see Jeff’s video.  Either link brings you to the same video.   or
            If you’ll be at ISC be sure to stop at the Honeywell both and ask about the issues raised in the video.  
            If the assessment by Jeff is accurate then you need to be careful about using equipment that may be compromised in unintended ways.  Maybe there’s a better product if you have the choice.

ISC canceled.  We will try and offer the Roundtables as Webinars.  TBA
Round Table Discussions while at ISC, at Palazzo Hotel.  Free to participate.  Space very limited so book now.  Call Stacy Spector,Esq at 516 747 6700 x 304 to reserve your seat. 
Round Table:  March 18, 2020 at 11 AM.  Join Morgan Hertel, VP of Technology and Innovation, Rapid Response Monitoring and Ken Kirschenbaum for a round table discussion on current state of monitoring including technology and well as outside influencers like minimum wages and privacy laws. 
Round Table: March 18, 2020 at 1 PM.  Join Mitch Reitman and Ken Kirschenbaum for a round table discussion on Taxes and Corporate issues for alarm companies relevant when selling or buying accounts. 
Round Table:  March 18, 2020 at 2 PM.  Join Ken Kirschenbaum for a round table discussion on Selling or buying alarm accounts and RMR issues. Notice:  Ron Davis can't make it.  
Round Table: March 19, 2020 9:30 AM Join Troy Iverson, VP of Sales, Brian Davis, CFO of AvantGuard Monitoring Centers and Ken Kirschenbaum for a round table discussion on the Current state of the Financial/Capital Market Stability in the Security Industry and necessary agreements needed for security companies. (Titian 2202 Meeting Room just off the show floor)
Round Table: March 19, 2020 at 11:30 AM.  Join Don Maden, EVP, COPS Monitoring and Ken Kirschenbaum for a round table discussion on how your monitoring company can help you avoid a lawsuit.
Round Table: March 19, 2020 at 1 PM.  Join Sharon Elder, VP Sales, USA Central Station and Ken Kirschenbaum for a round table discussion on the value of quality video contracts and services  
Round Table:  March 19, 2020 at 3 PM.  Join Bart Didden, Executive Claims Administrator, Security America and Ken Kirschenbaum for a round table discussion on Errors and Omissions Insurance Claims and Risk Management

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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301