ADVISING THE CLOSELY HELD BUSINESS
Online Replay Seminar
ITEM #:  2546792401   |   EVENT CODE:  498896
MEMBER PRICE
$295.00
STANDARD PRICE
$345.00
MSBA MEMBER, NEW LAWYER, AND OTHER DISCOUNTS, IF APPLICABLE, WILL BE APPLIED DURING CHECKOUT.

ONLINE

Tuesday, March 12, 2024

9:00 AM - 4:30 PM

Advising the Closely Held Business

Current Issues in Starting, Operating and Selling (Or Otherwise Evolving) the Closely Held Business in Minnesota

Our expert faculty will bring you the latest on:

  • Choosing the right entity, including business and tax issues
  • Fiduciary duties in closely-held Minnesota companies
  • Drafting the LLC Operating Agreement
  • Top issues to know in advising the ongoing private business
  • The current state of the Corporate Transparency Act
  • New rules on non-compete agreements, and other developments in Minnesota employment law
  • Getting the company ready for sale
  • Planning the exit: Succession in the family-held business
  • And much more!

8:30 – 9:00 a.m.
CHECK-IN & CONTINENTAL BREAKFAST


9:00 – 9:05 a.m.
WELCOME & ANNOUNCEMENTS


9:05 – 9:35 a.m.
Choosing the Right Entity
LLCs are very popular. But what are their pros and cons? Understand the business, tax and other issues involved in choosing the right type of entity for the business. Get the essentials of entity formation in Minnesota.
– Wynne C. Reece


9:35 – 10:05 a.m.
Fiduciary Duties in Closely Held Minnesota Companies
Fiduciary disputes in closely held companies can be financially and emotionally exhausting. Unfortunately, they are all too common. Hear from experienced litigators about how they arise and what can be done to prevent them.
– Vincent D. Louwagie & Peter J. McElligott


10:05 – 10:20 a.m.
BREAK


10:20 – 11:20 a.m.
Drafting the LLC Operating Agreement
Begin with the end in mind. Drawing on the lessons of the previous session, learn what can be done in drafting the LLC Operating Agreement to avoid or at least minimize problems down the road. Learn key techniques for drafting the essential document that governs the operation of the LLC.
– Peter J. McElligott & Allison M. Plunkett


11:20 a.m. – 12:05 p.m.
Top 5 Issues in Advising the Ongoing Private Business
Getting a company formed, of course, is just the beginning. A host of issues always follows – from relationships among owners and other stakeholders, to key contractual relationships, to finding financing, particularly in a new interest rate environment. Hear from our experts about some of the current top issues affecting the ongoing private business.
– Jennie A. Clarke, Bradley J. Schmidt & Nathan R. Snyder


12:05 – 1:00 p.m.
LUNCH BREAK (on your own)


1:00 – 1:45 p.m.
The Current State of the Corporate Transparency Act
The fight against money laundering is important. But the proposed solution is complex. Understanding the CTA is now essential for every small business. Get the latest from the experts on the requirements, the deadlines and other recent developments.
– Bibi Black & Kimberly A. Lowe


1:45 – 2:30 p.m.
New Rules on Non-Compete Agreements and Other Developments in Minnesota Employment Law
The Minnesota legislature banned non-compete agreements. Or did it? Hear from our experts on what the legislature did, and didn’t do, in Minnesota employment law, and other current developments affecting employers.
– David A. James & Sara L. Lewenstein


2:30 – 2:45 p.m.
BREAK


2:45 – 3:30 p.m.
Getting the Company Ready for Sale
The founder is ready to retire and there is no heir apparent. What do you need to do to get the company ready for sale? Hear from our expert on how to prepare for due diligence, how to structure the deal in different situations and other key considerations.
– Rochelle L. Hauser


3:30 – 4:30 p.m.
Planning the Exit: Succession in the Family-Held Business
The senior generation wants to “keep it in the family.” Now what? Understand the key business, tax and financial dynamics that go into the succession planning process. Get the tools you need to make the transition successful.
– Wade R. Wacholz

LIVE IN-PERSON
Monday, February 26, 2024
Minnesota CLE Conference Center
600 Nicollet Mall, Suite 370
Seventh Street & Nicollet Mall, Third Floor City Center
Minneapolis, Minnesota

ONLINE REPLAYS
Tuesday, March 12, 2024
Wednesday, April 10, 2024

Attend online
A moderator will be available to answer questions by email.

$295 MSBA members / $295 paralegals / $345 standard rate

Other discounts that may apply:

Scholarships available!
Need-based scholarships are available for in-person and online seminars. For further information or to obtain a scholarship application, contact us at 800-759-8840 or customerservice@minncle.org.

Minnesota CLE is applying to the Minnesota State Board of CLE for 6.0 standard CLE credits. The maximum number of total credits attendees may claim for this program is 6.0 credits.

MEMBER PRICE
$295.00
STANDARD PRICE
$345.00
MSBA MEMBER, NEW LAWYER, AND OTHER DISCOUNTS, IF APPLICABLE, WILL BE APPLIED DURING CHECKOUT.
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