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A Practical Guide to LLCs

November 22, 2013, 9-1 pm

New York and California Credit: 4.5 total: 2.0 skills; 1.5 professional practice & 1.0 ethics
This live program provides transitional/non-transitional credit to all attorneys.
Illinois credit: 3.75 total: 3.0 general MCLE & 0.75 ethics (pending)
Pennsylvania credit: 3.5 total: 3.0 general MCLE & 0.5 ethics.
CPE Credit: NY: 4.5 total: 2.5 advisory; 1.0 tax & 1.0 ethics.
Member: $335.00 Nonmember: $475.00

Download Program Agenda & Faculty. Download Registration Form
Online Registration is now closed, but you may still register on-site.

In this seminar an experienced panel will provide a practical introduction to LLCs. The panel will compare the LLC to corporations (including S corporations) as well as 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 to utilize an LLC. 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 an LLC, discuss new developments in the area of LLC law and provide real-world examples of the use of LLCs in specific businesses and contexts. This program's updated content will provide CLE credit to all attendees, even if they attended in the past.


New York City Bar
42 West 44th St
New York, NY 10036


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11/22/2013 9:00 AM
Go Green. Your registration includes a free PDF download of the course book. If you do not wish to obtain the PDF you can add the hard copy version of the course book to your registration for a $25.00 fee. Registrants who select the PDF will be sent an email at 3:00 pm on the afternoon prior to the program with details on how to access the PDF. Registrants who add the hard copy will receive their course book upon arrival at the program. Fee does not apply to firm passports.

9:00 AM - 1:00 PM