August 10, 2011
In this seminar, an experienced panel provided a practical introduction to LLCs. The panel compared the LLC to corporations (including S corporations), as well as partnerships and limited partnerships, highlighting how the advantages and disadvantages of each form can shape one's choice-of-entity decision to utilize an LLC. The panel walked attendees through the mechanics of forming an LLC, including the drafting of the basic operating agreement. Working from actual operating agreements, the panel reviewed managerial, voting, governance and control structures, typical as well as unique capital structures, and buy-outs and exit strategies. The panel discussed the use of equity-based incentive compensation arrangements in the context of an LLC and compared them to traditional corporate stock option plans. Throughout its presentation, the panel highlighted tax issues and benefits that arise from the utilization of an LLC, discussed new developments in the area of LLC law and provided real-world examples of the use of LLCs in specific businesses and contexts.
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SAVE MONEY: Do you want to save 20% on this class? Firms with fewer than 10 attorneys receive a 20% discount if 2 or more register for the same CLE program. Firms with 10 or more attorneys receive a 20% discount if 4 or more register for the same CLE program. If this discount applies, please do not register online. You must call the City Bar Center for CLE - 212-382-6663.
CLE
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California,New Jersey & New York CLE Credit: 4.5 total: 2.0 skills;
1.5 professional practice & 1.0 ethics.
This video replay does NOT provide transitional/non-transitional credit to all attorneys.
Illinois Credit: 3.5 total: 2.75 general MCLE & .75 ethics (pending) credits.
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