Family Business Center

Celebrating 25 Years

Succession Conference

This event took place Friday, February 6

Among listings of a family business’s primary goals is often a successful transition of ownership to future generations, as 88% of family business owners believe the same family or families will control their business in five years. Unfortunately, they’re most often wrong.

  • 30% of family and businesses survive into the second generation
  • 12% are still viable into the third generation
  • 3% operate into the fourth generation or beyond

Whether you’ve been planning for succession in your business for years or are just starting to consider passing it to the next generation, the list of decisions you need to make can feel overwhelming. Join us for a full-day conference that will include a keynote speaker, lectures and workshops focused on how to have a successful transition for your business and family.

The Succession Conference begins with breakfast and a keynote address from Doug Hile, President & CEO of KleinBank, a fourth-generation family business. Before coming to KleinBank in 2009, Hile was CEO at Marquette Banks, owned by the Pohlad family. With more than 40 years of banking experience, Hile has worked with countless family businesses.

We follow the keynote with sessions that outline how to pass on the business to the next generation. Families will go to one of two lectures, to learn how to better prepare their own succession plans:

  • Succession from a single owner (or husband and wife) to multiple owners (children).
  • Succession from multiple owners (siblings) to multiple owners from multiple families (cousins).

After lunch participants come together to learn about differences in generational expectations, attitudes and work styles. They will also learn about the financial issues that face families as they go through a transition.

Costs:
The fee for this program is $1,850 for your entire family and includes:

  • Morning keynote address
  • Breakout sessions with UST professors
  • All course materials and meals

You will be billed after the event.


Event Details:
Friday, February 6, 8:00 a.m.

University of St. Thomas
Opus College of Business
1000 LaSalle Ave
Minneapolis, MN 55403