Family Business General Counsel Seminar
Our strategic partner Katten hosted a day of learning and mingling dedicated to current and aspiring family business general counsels! The program featured a strong mix of industry giants and favorites, family business friends, and LUC alumni and faculty.
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Agenda
| 8:15 a.m. | Registration and Continental Breakfast |
| 8:30 a.m. | Welcome |
| 8:35 a.m. | Governance Considerations for Family-Owned Businesses In this session we will discuss pain points in implementing family business governing documents, director and manager fiduciary duties, and merger and acquisition considerations for directors and managers. Speakers:
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| 9:25 a.m. | Estate and Wealth Transfer Planning for Family Business Owners In this session we address core estate planning considerations and the importance of coordination with the governing documents of the family business; Federal and Illinois estate tax landscape and the exemption changes on the horizon at end of 2025; estate tax savings strategies business owners can use to preserve, protect, and tax-efficiently transfer their wealth Speakers:
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| 10:15 a.m. | Break |
| 10:25 am. | Developing and Expanding a Family Office This session will analyze the various practical and legal considerations family business owners and other high-net-worth families evaluate when developing or expanding an existing family office. Specific topics to be covered include breadth and depth of services a family office provides; different types of family office structures, including business and tax considerations; considerations for outsourcing family office services, rather than providing in house; when a family should consider/not consider creating a family office. Speakers:
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| 11:15 a.m. | Lessons from Ethics Counsel When do you bring in an expert outside the business? Join us for a conversational presentation between a family business general counsel and her ethics counsel. The panel will speak to the ethical issues facing family counsel, providing scenarios, insurance considerations, and various places to seek counsel. The group will also discuss budget planning and managing legal fees. Speakers:
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| 12:05 p.m. | Networking Lunch (provided) |
| 12:35 p.m. | Practical Considerations & Hybrid Role Learn more about unique issues facing legal leads in family held businesses. How can you effect change for the business from this role? Topics will inculde title, authority, and getting the job done; establishing a culture of responsibility and respect; addressing employment contracts, compensation, performance evaluation, and severance for NFEs and family members; creating or updating bylaws; managing legal fees and responsibilities. Speakers:
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| 1:25 p.m. | Corporate Transparency Act This session will provide an overview of the Corporate Transparency Act, its effective date, and implications for family business owners; an analysis of common business structures and reporting requirements of the same under the CTA; and recommendations for compliance with the CTA. Speaker:
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| 2:30 p.m. | Event concludes |
Event info
Date: Thursday, June 22
Time: 8:15 a.m. - 2:30 p.m.
Location: Katten Chicago Office, 525 W. Monroe Street, Chicago
Katten is an accredited provider of MCLE in Illinois and California. Katten has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education in the State of New York. This program is pending approval in these states for up to 4.5 Illinois and California General CLE credits and up to 6 NY Professional Practice credits subject to review of final presentation materials and attendance documentation. (Katten will seek ethics credit approval for any segment(s) that might potentially qualify for ethics credit). This program is suitable for transitional and non-transitional attorneys. If any attendees are licensed in TX, Katten will apply for CLE credit with the State Bar of Texas, post-program. Our firm is not accredited for any other jurisdictions or professional accreditations; however, we will make agendas, speaker biographies and presentation materials (contingent upon speaker consent) available to those attorneys who wish to file an individual CLE application in their licensed jurisdiction. Katten makes no promises as to whether other states will approve this content for CLE.