* Applicable Membership or Subscription discounts will be added in your shopping cart
Description:
In this seminar, an experienced panel will provide a practical introduction to LLCs. The panel will compare the LLC structure to those corporations (including S corporations), partnerships and limited partnerships, citing the advantages and disadvantages of each such entity and how such advantages and disadvantages can shape one’s choice-of-entity decision. The panel will walk through the mechanics of forming an LLC, including the drafting of the basic operating agreement. Working from actual operating agreements, the panel will review managerial, voting, governance and control structures (including consents and tie-breaker arrangements), typical as well as unique capital structures (including preferred interests, profits interests and class interests) and buy-outs and exit strategies (including drag-alongs and tag-alongs and buy-outs upon death). The panel will discuss the use of equity-based incentive compensation arrangements in the context of an LLC and compare them to traditional corporate stock option plans. Throughout its presentation the panel will highlight tax issues and benefits that arise from the utilization of LLCs, discuss new developments in the area of LLC law and provide real-world examples of the use of LLCs in specific businesses and contexts.
Agenda:
-
Choice & Formation of LLCs
-
Choice of LLC Considerations
-
Mechanics of Formation of LLC
-
Operating Agreement
-
Tax Characterization: “Check the Box” & Related Rules
-
Tax Treatment of LLC Classified as Partnership
-
Recent & Ongoing Developments
-
Selected Special Uses of LLCs
-
Use of LLCs in Acquisitions
-
Use of LLC Interests for Compensation
-
Use of LLCs in Asset Protection
-
Use of LLCs as Bankruptcy Remote Entities
-
Brief Comparison of Delaware & New York LLCs
-
Default Fiduciary Duties Under the Delaware LLC Act
-
Modification of Fiduciary Duties
-
Modification of Liability
 | | Practice Areas: | | Business Organizations & Contracts | | | Online Media Type: | | Video | | | Production Date: | | 11/21/2014 9:00 AM EST | | | Level: | | Intermediate | | | Category: | | Standard | | | Duration: | | 4 Hours, 0 Minutes | | | Online Format: | | Live | | | Course Type: | | Public |
Click here for information on subscription discounts and Group Viewing opportunities.
Purchase of this product provides online access for 180 days. If you are purchasing a live webcast, you will receive complimentary access to the on demand version for 180 days once it becomes available. Please note that the on demand and podcast versions may, or may not be accredited in your state.
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
CLE Scholarship information
Tuition Assistance for legal professionals taking our programs. Learn more about the program.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
People who bought this program also bought:| There are no current recommendations |
| | |
|
| Click on the jurisdiction to view credit eligibility details for this program
AK,
AR, AZ, CA, CEU, CO, CPE-NASBA, HI, ME, MO, MT, ND, NJ, NY-EXPER, OK, PA, VI, VT, WV
West LegalEdcenter provides accreditation as described here. You may be able to self apply for credits in states not listed.
Request credits for a state not listed.
Check your state requirements and get contact information. | | |
|
|
| | • | Robert C. Kern, Jr. - Attorney at Law | | • | Matthew S. Criscimagna - Richards, Layton & Finger, P.A. | | • | David E. Kahen - Roberts & Holland LLP | | • | Stella Lellos - Forchelli, Curto, Deegan, Schwartz, Mineo & Terrana, LLP |
| | |
|