Program Chairs and Presenters

Julie M. Bogle
BDO USA LLP
Madison

Gregory F. Monday
Reinhart Boerner Van Deuren, S.C.
Madison

Presenters

Ryan Black
Vice President – SBA Lending
First Business Bank
Brookfield

Tom Dott
Senior Vice President-Commercial Banking
First Business Bank
Madison

Catherine M. Gillman
North Central Group
Middleton

Deb H. Houden, PhD
University of Wisconsin School of Business
Madison

Danielle M. Johnson
Reinhart Boerner Van Deuren, S.C.
Madison

Kathryn A. Muldoon
Quarles & Brady LLP
Milwaukee

David G. Palay
Reinhart Boerner Van Deuren, S.C.
Madison

Amy Pienta
BDO USA LLP
Chicago

Timothy J. Pierce
State Bar of Wisconsin
Madison

Wendy S. Rusch
Reinhart Boerner Van Deuren, S.C.
Waukesha

8:30 a.m. : A Review of Legal Developments Relevant to Family Businesses, Including Business Law, Contracts, and Trusts & Estates

• Do trust beneficiaries have standing to make derivative claims based on stock held in trust?
• How discounting fractional interests in family entities can increase estate tax liability (if not done right)?
• What is the difference between Fair Value and Fair Market Value and when are marketability or minority interest discounts appropriate for valuations in a family business?
• Interpretation of LLC Agreements and Governance Issues: what obligations do owners have to each other?
• Further exploration into the limits of the business judgment rule and what that means for fiduciary duties

Danielle M. Johnson, David G. Palay

9:20 a.m. : The State of Lending

Commercial banking and SBA perspectives on common questions:

• Is money available?
• What factors are banks looking at these days such as hot industries, collateral values
• What are interest rates likely to be going forward?
• Should borrowers be locking in rates now?
• What are some of the options available to borrowers?
• What types of transactions (M&A, transitions, ESOPs) are we seeing these days?
• What is the current market for swaps?
• How common is commercial financing of key employees (including family members) purchasing stock from senior owners?Distinguishing between a "major decisions" versus "routine daily decisions"

Ryan Black, Tom Dott

10:10 a.m. : Break

10:25 a.m. : The Family Office: Why, When and How They Relate to the Family Business

• Use of a company to run the family’s money
  o Benefits including investment opportunities, access to investment vehicles that diversify family wealth
  o Services provided: CFO, tax reporting services, financial reporting
  o Literacy training for the next generation
  o Navigation of changing business landscapes and family dynamics
  o Operation as a shareholder liaison
  o Increasing use among families of varying levels of wealth

Amy Pienta

11:15 a.m. : Governance Bodies: Boards, Committees and Councils

• The purpose, composition, and powers of governing bodies of
  o Family business
  o Family office
  o Family foundation
• The duties and liabilities of their members.

Deb H. Houden, Gregory F. Monday

12:05 p.m. : Lunch

1:05 p.m. : Transferring Business Interests during Lifetime: How to Have Your Cake and Eat It Too

• Transferring value without transferring control
• Ensuring financial security post-transfer
• Making a big impact with simple strategies
• Integrating corporate governance
• Planning for tax law changes

Kathryn A. Muldoon, Wendy S. Rusch

2:20 p.m. : Break

2:35 p.m. : Putting it all Together: Ethical Considerations

• Who is your client? – Representing the family vs. the business
• oard service by an attorney – Can you serve?
• Trustee service by an attorney – Should you serve?
• Does everybody really have to be represented? How to communicate to the client
• Can the attorney who works with the family business also be the attorney who sets up the family office?

Julie M. Bogle, Catherine M. Gillman, Gregory F. Monday, Wendy S. Rusch

3:30 p.m. : Program Concludes

• Enact sound collaborative governance and better position family businesses for success
• Assess whether setting up a family office is a wise move to manage family assets
• Make timely and strategic decisions to minimize tax liability for lifetime stock transfers
• Consider lending opportunities in the current landscape
• Know the latest legislative developments and case law impacting family businesses
• Navigate the ethical issues that arise when representing closely held businesses and their owners

• Business lawyers
• Estate planning lawyers
• Tax attorneys
• Insurance lawyers
• Business litigators
• Family law attorneys
• General practitioners

Event Brochure

Book Sale – Save 20%

Organizing a Wisconsin Business Corporation: Articles, Bylaws, and Other Forms

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Use discount code CA3146 when you order online or by calling (800) 728-7788.

*Discount applies to both print and digital Books UnBound editions of this title and cannot be applied to previous purchases. Offer valid as long as CLE credit is available for this program. For Books UnBound users, discount may be applied to purchase of individual Books UnBound title only and may not be used on purchase of full library.