Program Chairs and Presenters
Julie M. Bogle
BDO USA LLP
Madison
Gregory F. Monday
Reinhart Boerner Van Deuren, S.C.
Madison
Presenters
Matthew Ackmann
Reinhart Boerner Van Deuren, S.C.
Milwaukee
Linda S. Balisle
Balisle Family Law Legal Counsel, S.C.
Madison
Joseph W. Boucher
Neider & Boucher, S.C.
Madison
Danielle M. Johnson
Reinhart Boerner Van Deuren, S.C.
Madison
David J. Sisson
Reinhart Boerner Van Deuren, S.C.
Milwaukee
Timothy J. Pierce
State Bar of Wisconsin
Madison
Ralph A. Weber
Weber Advising LLC
Milwaukee
8:30 a.m. Legal Developments for Closely-Held Businesses
- Case law update, including non-competes
- Legislative update, including changes
Danielle M. Johnson, Matthew Ackmann
9:20 a.m. Impact of the Updated Wisconsin Entity Law and the Federal Corporate Transparency Act (CTA) on Closely-Held Businesses
- One year into the enactment of Wisconsin’s new LLC law, we’re checking in to how the changes are taking form now that they are in practice and discuss the drafting of operating agreements in the wake of the new law.
- Analyze sample standard operating agreements under the new law.
Joseph W. Boucher
10:10 a.m. Break
10:25 a.m. Planning for potential divorce: Drafting Do’s and Don’ts for Shareholder and Operating Agreements.
- Impact of business and Estate Planning documents on divorce
- Family court’s authority to order compliance with discovery requests and cooperation in the business valuation process
- Need for Business and Estate planning attorneys to address divorce related issues as part of succession planning
- Who should decide the issues? Public proceedings before a judge, or private proceedings with mediators and arbitrators
Linda S. Balisle
11:15 a.m. Business Splits Between Owners
- Issues to address and processes to follow when two owners want to go separate ways
- What should be written into your documents in case the owners ever no longer want to be in business together?
- Ways to split up if you don’t already have the documents to provide an easy exit
Ralph A. Weber
12:05 p.m. Lunch
1:05 p.m. Panel: Horror stories and how to resolve them. Lessons learned in drafting.
- Cautionary tales that inform SOPs at firms
- Weaknesses that can get exposed when your drafting is implemented.
- Issues when the percentages don’t add up to 100%.
- Is it ever desirable to be ambiguous in the contract?
Moderator: Julie M. Bogle Panel: Linda S. Balisle, Joseph W. Boucher, David J. Sisson, Ralph A. Weber
2:35 p.m. Break
2:50 p.m. Interactive Ethics: What Would You Do?
- Lawyer’s role with respect to managers or members fiduciary duties in an LLC under the new law
- Lawyer’s responsibility when managers or directors breach fiduciary duties
- Lawyer’s responsibility in an adversarial split up of the represented company
Gregory Monday, David J. Sisson, Timothy J. Pierce
3:50 p.m. Program concludes
- Draft better operating agreements for closely held businesses
- Plan ahead for potential splits or divorce between shareholders
- Understand how Wisconsin’s new LLC law affects closely held business clients
- Overcome ethical challenges that arise when advising business owners
- Review the latest case law and legislative developments impacting small businesses
- Business lawyers
- Estate planning lawyers
- General practitioners
Book Bonus!
LLCs and LLPs: A Wisconsin Handbook
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