Firm’s Michael Shares Business Succession Advice at UIC Family Business Council’s Educational Program 

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Professionals

The firm’s Jonathan W. Michael was a featured speaker at the University of Illinois at Chicago’s Family Business Council Fall Educational Program. The presentation, entitled BusinessKillers,® was designed to educate business owners about unique business succession strategies that should be established to avoid mistakes that could jeopardize the future of their business and their personal finances.  

“A large part of the firm’s practice focuses on family owned and closely held businesses,” says Michael. “Ultimately, every business owner will participate in the transfer of his or her business. At Burke, Warren, we focus a lot of our energy counseling our clients on business succession issues. If the goal is to sell the business, we work with our clients to maximize the sale proceeds. If the goal is to transfer the business to family, then we work with our clients to structure a business succession plan that, at the end of the day, will secure an uninterrupted transition of the business while keeping the family unit intact.”  

In 2009, the firm became the strategic law partner of the University of Illinois at Chicago’s Family Business Council (FBC). With a membership of over 70 family owned and closely held businesses, the FBC is the largest organization of its kind in Chicago. The FBC is backed by the resources of the University of Illinois at Chicago.

The FBC was founded on the belief that family owned and closely held businesses offer a challenging and fulfilling way to create a personal and community based legacy. One of the unique aspects of the FBC is the opportunity to participate in a peer-to-peer forum. Each forum is comprised of approximately nine members who meet on a regular basis in an atmosphere of confidentiality and trust to talk about business, family and personal issues. 

On February 17, 2010 the FBC will host its Winter Educational Event, “Leadership in the Face of Adversity,” at the Elysian Hotel in Chicago’s Gold Coast. 

For more information about the BusinessKillers® event, business succession planning or the Family Business Council, please contact Jonathan W. Michael at 312/840-7049 or jmichael@burkelaw.com or Jeffery D. Warren at 312/840-7020 or jwarren@burkelaw.com

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