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9th Annual Closely Held Business Update 2024

Product ID: CA3680D
Presented By: State Bar of Wisconsin PINNACLE

Close quarters

Representing a closely held business requires a broad understanding of multiple areas of law, ranging from estate planning and employment to intellectual property and dispute resolution. When the founder or senior generation of a closely held business plans to pass the reins to the next generation, lawyers play a critical role in preserving and protecting the business’s interests. The 9th Annual Closely Held Business Update offers guidance on the essentials of preserving business continuity and protecting family legacies.

On trend

You’ll start with a rundown of recent developments addressing:

  • Oppression of minority shareholders
  • The use of life insurance to fund buy-sell agreements
  • Non-compete provisions
  • Unwinding marital trusts that own family business stock
Read More ↓

Interested in sponsoring this program? Find out more.

Select a Format

Webcast seminar
OnDemand seminar

Pricing

Member $289.00

Non-Member $369.00

Credits

6.5 CLE

Upon purchase, this OnDemand program is available to view for 90 days.

EPR credit is not available for OnDemand programs.

Quantity:
Maximum quantity must be less than or equal to 1.

Close quarters

Representing a closely held business requires a broad understanding of multiple areas of law, ranging from estate planning and employment to intellectual property and dispute resolution. When the founder or senior generation of a closely held business plans to pass the reins to the next generation, lawyers play a critical role in preserving and protecting the business’s interests. The 9th Annual Closely Held Business Update offers guidance on the essentials of preserving business continuity and protecting family legacies.

On trend

You’ll start with a rundown of recent developments addressing:

  • Oppression of minority shareholders
  • The use of life insurance to fund buy-sell agreements
  • Non-compete provisions
  • Unwinding marital trusts that own family business stock
Read More ↓

Program Chairs and Presenters

Julie M. Bogle (Retired)
BDO USA LLP
Madison

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

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

Presenters

Catherine M. Gillman
NCG Hospitality
Middleton

Jeffrey Goldman
DeWitt LLP
Madison

Maureen A. Lokrantz (Retired)
Reinhart Boerner VanDeuren S.C.
Milwaukee

Caitlyn B. Sikorski
Reinhart Boerner VanDeuren S.C.
Milwaukee

John K. Tokarz

Reinhart Boerner Van Deuren, S.C.
Milwaukee

8:30 a.m. Updates & New Developments

  • Oppression of minority shareholders
  • Use of life insurance to fund buy-sell agreements
  • Enforceable non-competition provisions
  • Unwinding marital trusts that own family business stock

Gregory M. Monday, David G. Palay

9:20 a.m. Governance

  • Updating articles, bylaws, and owner agreements before a change-in-control
  • Allocating decisions among owners, boards, and executive employees
  • Using trustees, trust protectors, and directing parties

Gregory M. Monday, John K. Tokarz

10:10 a.m. Break

10:25 a.m. Board Composition

  • Starting the conversation with the senior generation – use this checklist!
  • Indemnification and protecting the board
  • How to find and utilize an Independent Director

Catherine M. Gillman

11:15 a.m. Protecting the Minority Interest

  • Checklist for representing minority owners
  • Dividends and other sources of liquidity
  • Fair exit opportunities

Gregory M. Monday

12:05 p.m. Lunch

1:05 p.m. Panel: Trusts

  • Non-Judicial Settlement Agreements
  • When to use a trust protector
  • Drafting provisions for business interests
  • Unique considerations specific to family business
  • Resigning trustees, roles & responsibilities
  • Bring your questions and ask the panel!

Moderator: Julie M. Bogle
Panelists: Jeffrey Goldman, Maureen A. Lokrantz, Gregory M. Monday,
Caitlyn B. Sikorski

2:30 p.m. Break

2:45 p.m. Interactive Ethics

  • Representing all parties in the business
  • Lawyer on a client’s board
  • Lawyer as a trustee
  • Lawyer during a change of control

Julie M. Bogle, Gregory M. Monday, David G. Palay

3:35 p.m. Program concludes

  • Review the latest legal developments impacting closely held businesses
  • Select the appropriate business governance structure for your clients
  • Understand how trusts can be used to protect business interests
  • Receive tips on protecting the minority interest
  • Explore the many roles lawyers play in advising closely held businesses
  • Business lawyers
  • Labor and employment lawyers
  • Estate planning lawyers
  • Solo and small firm practitioners
  • General practitioners

Book Bonus!

Eckhardt’s Workbook for Wisconsin Estate Planners
Save 15% on the Eckhardt’s Workbook for Wisconsin Estate Planners.* Whatever your level of experience with estate planning, Eckhardt’s Workbook will help you make your clients’ wishes a reality. Use discount code CA3680 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 through 12/31/25. For Books UnBound users, discount may be applied to purchase of individual Books UnBound title only and may not be used on the purchase of libraries. Discount cannot be combined with any other offers.

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