It's not easy for small businesses to succeed. You can set your clients' businesses up for success from the start by drafting operating agreements to help them weather potential breakups and more.
Sept. 20, 2023 – Recently, the food manufacturer Kellogg Company announced that it was splitting into two separate companies: Kellanova and WK Kellogg Co. – in the belief that the separation will build two stronger companies. The move, according to the press release of Sept. 11, 2023, was more than a year in planning.
Ass attorneys know, sometimes business splits don’t happen for business reasons, but because of fallout between owners with differences of opinion.
What do you do when this happens to your business clients? Can you help save the business from hurdles like contractual ambiguities and draconian buyout provisions?
You can prepare for such a possibility from the outset with operating agreements that account for potential business breakups or a shareholder's divorce – and more.
Boost your strategies to protect your clients’ business interests in the event of a split at Advising the Closely Held Business: What Could Possibly Go Wrong? from State Bar of Wisconsin PINNACLE®.
This program is 7.0 CLE and 1.0 EPR credit and is available in person at the State Bar Center in Madison on Sept. 27, 2023, and in webcast replays on specific dates in October, November, December, and January. Aimed at those practicing in business and estate-planning as well as general practitioners, the program will help you:
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; and
review the latest case law and legislative developments impacting small businesses.
Find out more on WisBar.org’s Marketplace.
Reserve Your Spot: Here’s How to Register
