A Practical Guide to LLCs
Friday, November 16, 2018 | 9:00 a.m. - 1:00 p.m.
Prefer to view the live webcast? Please CLICK HERE.
Live Program: $299 for Members | $399 for Nonmembers
In-House Counsel: Free for Members | $299 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (earliest admission 2016-2018 in any state or country), Judges (and their staff), or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
NY: 4.5 Total: 2.0 Skills, 1.5 Professional Practice, 1.0 Ethics
NJ: 4.6 General
CA: 4.5 Total: 2.0 Skills, 1.5 Professional Practice, 1.0 Ethics
PA: 3.5 Total: 3.0 General, 0.5 Professional Responsibility
This program provides transitional/non-transitional credit to all attorneys
In this seminar, an experienced panel will provide a practical introduction to LLCs. The panel will compare the LLC structure to corporations (including S corporations), partnerships and sole proprietorships, citing the advantages and disadvantages of each such structure and how such advantages and disadvantages can shape one’s choice-of-entity decision. Speakers will walk through the mechanics of forming an LLC, including drafting the basic operating agreement. Working from actual operating agreements, panelists will review managerial, voting, governance and control structures (including consents and tie-breaker arrangements), typical as well as unusual capital structures (including preferred interests, profits interests and multi-class interests) and buy-outs and exit strategies (including drag-alongs and tag-alongs and buy-outs upon death). The discussion will include 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.
Click Here to View Program Agenda & Faculty
Stella Lellos, Rivkin Radler LLP