In this practical webinar, you will learn about the “rocks and shoals” you and your family business clients may encounter when family members argue. You will learn about the lawyer’s (sometimes limited) role in helping advise or resolve such disputes, several classic reasons why family businesses run into legal troubles, and some of the practice and ethics considerations you need to remember while advising family members, whether in or out of management.

You will learn about:

  • Family trust and business structures for single or multiple businesses
  • The various roles of a Lawyer, including as a counselor, paper pusher, active manager, and former generation irritating remnant
  • Traditional reasons for disputes, including:
    • Management rights, from the old man hanging on too long to the indecisive brother, to the useless and non-contributing (but salaried) next generation, to the “many heads make it impossible to agree” problem
    • Company growth and survival, versus cash to family members who are or are not working in the business
    • Buyout and buy-in and training for the next generation, or splitting up the enterprise to let family members run their own firms
    • CEO and other family member divorces, and protection from or interference (and cash demands) by outside creditors, divorce courts, and ex-spouses
    • Tax, regulatory, and other outside troubles for small to mid-size family businesses, including substituting professional management for “We’ve always done it this way.”
    • Selling the business
  • Legal ethics limits on outside counsel representation, including:
    • Multiple Parties
    • “Lawyer For the Deal”
    • Estate and Trust Administration
    • Loss of Confidentiality for Company Counsel

Upon course completion, you will be able to:

  • Develop tax, liability, and family estate plan coordinated business structures for one or multiple firms
  • Determine what your role in advising, preventing, or managing the process or results of family conflict should be
  • Identify common family business legal problems and disputes and implement solutions
  • Determine who your client is and what legal counsel, trustee, or other ethical risks you face
Faculty Member
William Price
Growth Law, LLC

William A. Price is a transactional business lawyer and President of Growth Law, LLC. He has helped many business buyers and sellers with financing, securities law compliance, sale documentation, and dispute resolution. Bill has served as Chairman of the Institute for Illinois Business Law and of the Corporation, Securities, and Business Law Section Council and Administrative Law Section Council of the Illinois State Bar Association. Bill received a B.A. from the University of Illinois, Champaign-Urbana, and a J.D. and M.A. (Public Policy Studies) from Duke University.

CLE Credits (Law)

Credit Value Type Format
NALA - - Credit not available
NFPA - - Credit not available
AL 1.5 General
AK 1.5 General
AR Not Available General
AZ 1.5 General
CA 1.5 General
CO 1.8 General
CT 1.5 General
DE 1.5 General
FL 2 General
GA 1.5 General
HI 1.5 General
IA 1.5 General
ID 1.5 General
IL 1.5 General
IN 1.5 General
KS Not Available General
KY 1.5 General
LA 1.5 General
ME 1.5 General
MN 1.5 General
MO 1.8 General
MS Not Available General
MT 1.5 General
NC 1.5 General
ND 1.5 General
NE 1.5 General
NH 1.5 General
NJ 1.8 General
NM 1.5 General
NV 1.5 General
NY 1.5 General
OH 1.5 General
OK 2 General
OR 1.5 General
PA 1.5 General
RI 1.5 General
SC Not Available General
TN 1.5 General
TX 1.5 General
UT 1.5 General
VA Not Available General
VT 1.5 General
WA 1.5 Law and Legal Procedure
WI 1.5 General
WV 1.8 General
WY 1.5 General

In some CLE states, the course will be submitted to the bar after you register. If for any reason the course is not approved, we will fully refund your registration fee. If a state is listed on this course, then we are confident the course fits that state's standards and already is or will be approved for credit.

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3 out of 5

Mary-Jo R.

What is a webinar?

A webinar is simply a seminar that you attend online. You either watch a live video feed of the speaker or listen to the speaker through your computer, tablet or phone’s audio.  You see the speaker’s slides, videos, and other presentation materials on your screen.

Can I ask questions during the webinar?

Yes. During the live webinar, you may submit questions and comments and the speaker will respond verbally. For a recorded webinar, your questions will be emailed to the speaker. You will typically receive a response from the speaker within two business days.

Can I attend using a tablet or smartphone?

Yes. You may attend a webinar using a computer, tablet or smartphone.

If I can’t attend a webinar live, can I view the recording later?

Yes. Shortly after each live program ends, we send all webinar registrants a link to the webinar recording. You can view the recording as many times as you like after the live webinar for up to 12 months.

What is an on-demand webinar?

An on-demand webinar is a previously recorded webinar that you may view at any time after your purchase for up to 12 months.

Can I stop a recorded webinar and start it later at the same point?

You can stop a recording and later log back in and navigate to any point in the webinar. The system will not force you to view the entire recording from start to finish.

Can I listen to recorded webinars on a tablet or smartphone?

Yes. You will be able to listen to any of our on-demand webinars on your computer, tablet, or smartphone.

Do the webinars qualify for Continuing Education Credit?

Almost all of our webinars are approved for continuing education credit, including CLE (in all states), CCB, CPE, HRCI, IRS and SHRM credit.  Unlike many providers, we don’t charge you any additional fee to process your credit.  If you have specific questions, please call us at 703-372-0550 or contact us.

Can I still receive Continuing Education Credits if I view the webinar recording instead of the live presentation?

In most cases, the answer is yes. Recorded webinars are not eligible for CLE credit in the following states: AR, KS, MS, NE, and RI. In all other jurisdictions, recorded programs are eligible for credit. In addition, CPE credit is not available for recorded webinars. Please note that recorded webinars are only eligible for a certain period of time based on the jurisdiction. To ask about your specific type of Continuing Education Credit or the requirements in your jurisdiction, please call us at 703-372-0550 or contact us.

Will I receive a certificate of completion after the course?

Yes. A certificate of completion will automatically be uploaded to your Clear Law Institute account after completing the live or on-demand webinar.

Do I need to be a member to receive a certificate of completion?

No. An account will automatically be created for you when registering for a webinar. You will then be able to access your certificate of completion after completing a webinar.

How do I determine my states’s CLE requirements.

Please find your state listed here with instructions for calculating the number of credits in your state.

How will I submit my attendance to receive CLE credit in my state?

Please find your state listed here with instructions for confirming your CLE attendance.

How does the money-back guarantee work?

Clear Law Institute stands behind all of its courses with a no-risk, money-back guarantee. If you are not satisfied with the quality of a webinar, we will fully refund your money—no questions asked. If you purchase an annual all-access membership, you can cancel within 14 days for a full refund.

per person