Kenneth W. Clingen

Kenneth W. Clingen

Member

Mr. Clingen serves as general counsel to several family owned and privately owned business entities in a variety of industries, including manufacturing, distribution, technology, financial services and professional services.  He uses his audit and accounting background to counsel clients in forging solutions that properly balance legal and business concerns.

Practice Admissions, Affiliations & Memberships

Admissions:

  • Supreme Court of Illinois
  • Supreme Court of Florida

Memberships:

  • Tax, Business Law, Law Practice Management Section, American Bar Association
  • DuPage County Bar Association
  • Kane County Bar Association
  • DuPage County Law Firm Leadership Council

Seminars

2017
NBI Audio Webinar: “Business Ownership Succession Planning in a Nutshell
2016
DCBA Presentation: “Purposeful Business Succession Planning”
NBI Webinar: “Business Ownership Succession Planning in a Nutshell”
NBI Teleconference: “Tax Issues in M&A”
2015
DCBA Presentation: “How to Stand Out to Partners” (also Ethics credit)
NBI Seminar: “Handling the Sale of a Business – Who is the Client and Joint Representation”
Strafford Webinar: “Private Company Acquisition Agreements – Drafting Reps, Warranties, Covenants and Closing Conditions”
2014
DCBA Presentation: “Select Tax Issues in Private Company M&A Transactions”nKCBA Presentation: “Buy-Sell Agreements: 10 Common Mistakes to Avoid”
NBI Seminar: “Mergers and Acquisitions – Tax Consequences”
NBI Seminar: “Using Recapitalizations in Exit and Succession Planning Strategies”
2012
NBI Seminar: “Why Limited Liability Companies?”
DCBA Seminar: “Coordinating Business Succession Planning and Estate Planning”
NBI Seminar: “Financial Statements 101”
Kane County Bar Review Article: “Buy-Sell Agreements – Asking the Right Questions”

Education

  • Juris Doctor, University of Notre Dame College of Law (1987)
  • Illinois Certified Public Accountant (1982)
  • Bachelor of Science in Business Administration, University of Notre Dame (1982)

Representative Transactions/representation

  • Advised private equity firm on multiple loan transactions to “land bank” lender for housing developers
  • Counseled personal care products company in strategic acquisition and related financing involving multiple credit facilities
  • Created Family business entities, including limited liability companies and limited partnerships as vehicles for preserving and transferring family wealth
  • Advised on sales and gifts of family business interests in connection with estate and succession planning for high net worth and ultra-high net worth families
  • Negotiated private placements for investors in multi-tenant apartments, distribution warehouses, retail shopping centers and related commercial, retail and industrial real estate
  • Negotiated Master Service Agreements with Fortune 500 companies for technical outsourcing and licensing agreements
  • Assisted manufacturing clients on sales terms and conditions on large dollar purchase orders; assist in counselling clients and negotiating with purchasers over warranty and indemnity issues involving manufacturer’s products to avoid litigation