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2023 Techniques to avoid and resolve deadlocks in closely held companies

Total Credits: 1.2 Self Study

Practice Area:
Business & Corporate
Audio and Video


Recording available after original program date, 5/16/2023

One of the biggest risks to a closely held company is a dispute among the members of its ownership group. The members may disagree about a major company transaction, the strategic direction of the company, distribution practices, or simply develop ruinous inter-personal issues.  In closely held companies that are held by a single family, disputes are particularly personal, often arising when members of a junior generation succeed to the interests and leadership role of the senior generation.  Unless these disputes are carefully channeled into dispute resolution mechanisms, the stability and financial success of the company is threatened.  This program will provide you with a guide to the sources of disputes in closely held companies and mechanisms for resolution, with an emphasis using buy/sell agreements to resolve disputes.

•    Common sources of disputes and deadlocks in closely-held companies
•    Planning and drafting mechanisms to resolve disputes
•    Conflicts over strategic transactions, distributions, or inter-personal relations
•    Practical use of buy/sell agreements to liquidate interest of dissenting member
•    Major elements of buy/sell agreements
•    Alternatives to using buy/sell agreements

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for ethics, elimination of bias or Kansas credit.


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