Family Business Council April Event to Focus on Building a Legacy

featuring Jeffrey D Warren, Jonathan W Michael

Statistics show that over 65% of all first generation businesses don’t survive the transition to the second generation and only 7% survive into the third. Just 3% of businesses are lucky enough to make it to the fourth generation.

Faced with these overwhelming odds, the University of Illinois at Chicago’s Family Business Council (FBC) will be giving businesses the tools they need to build an enduring legacy. At the 2010 FBC “Family Business Day” on Wednesday, April 21, several presenters and experts — including attorneys from BWM&S — will discuss best practices and strategies on transferring business to future generations. The keynote speaker will be Jim Oberweiss of Oberweiss Dairy.

The FBC is the largest alliance of family and closely-held business in the Chicagoland area. Over 70 local businesses are active members. In 2009, Burke, Warren became FBC’s strategic law partner.

For more information on this event and the FBC, please contact Jeff Warren at 312/840-7020 / jwarren@burkelaw.com or Jonathan Michael at 312/840-7049 / jmichael@burkelaw.com.