LIVE WEBCAST
A Practical Guide to LLCs
Friday, November 20, 2020 | 9:00 am - 12:45 pm
Program Fee:
$299 for Members | $399 for Nonmembers
In-House Counsel: Free for Members | $349 for Nonmembers
Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
CLE Credit:
New York: 4.0 Total: 3.0 Skills, 1.0 Ethics
New Jersey: 4.3 General
California: 4.0 Total: 3.0 Skills, 1.0 Ethics
Pennsylvania: 3.5 Total: 3.0 General, 0.5 Professional Responsibility
Connecticut: Available to Licensed Attorneys
For New York Attorneys: Newly admitted attorneys (those admitted to the New York State Bar for two years or less) may participate in Skills CLE courses in live, nontraditional formats, where questions are allowed during the program (through January 31, 2021 per recent guidance of the CLE Board – for more information, click here).
Description:
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
Program Chair:
Stella Lellos, Rivkin Radler LLP