LLC Trends and Developments Training Class

Course ID: 12926

LLC Trends and Developments Training Seminar

Provide Current, Informed Advice on These Versatile Entities

Today's business world offers more choices than ever for structuring entities. You've assisted many clients in choosing LLCs as the framework for their ventures because of the entity's flexibility and versatility. The combination of favorable tax treatment and limited liability makes them the entity of choice for transactions, businesses and estate plans. As advantageous as these vehicles are, they're still evolving. You need to keep your knowledge in line with the rapid developments so your new and current clients can get the most out of LLCs.

How does your understanding of current LLC practices stand up? Are you confident you could answer your clients' increasingly sophisticated questions? Attending this comprehensive program is the best way to get the concise, current information you need to help your clients make intelligent choices regarding their LLCs. Attending this seminar will enable you to keep up to date on the most recent trends in formation and operation, state law mandates for LLCs, entity taxation, securities law compliance and the alternative uses for LLCs. Take advantage of the benefits - for yourself and your clients - by getting the latest information on LLCs.

Draft articles of organization and operating agreements that protect the rights and interests of the parties involved.
Ensure that your clients are in compliance with state-specific regulations regarding LLC operations.
Knowledgeably advise on tax matters from classification to self-employment tax.
Prevent potential problems by helping clients adhere to mandatory securities law requirements.
Show clients some of the alternate uses for LLCs including real estate, estate planning and joint ventures.


	Agenda
	RECENT TRENDS AND DEVELOPMENTS IN LLCs Lawrence B. Hunt, 8:30 - 9:30 FORMATION AND OPERATION Lawrence B. Hunt, 9:45 - 10:55 Drafting Articles of Organization Drafting the Operating Agreement Rights and Duties of Members Management Structure Assignments of Membership Interests Buy-Sell Provisions Security Interests Disassociation Dissolution and Liquidation IMPACT OF STATE LAW ON LLCs Orlando Medina, 10:55 - 12:05 Mergers and Conversions Single Member LLCs Special Rules for Regulated Professions Exceptions to Limited Liability Crossing State and International Boundaries UNDERSTANDING COMPLEX TAX ISSUES Orlando Medina, 1:05 - 2:15 Check-the-Box Classification System State Tax Classification Conversions From Other Entities Distributions and Allocations Passive Activity Loss Rules Self-Employment Tax State Income Taxation SECURITIES LAW ISSUES AND ANSWERS Robert J. McGaughey, 2:15 - 2:50 Are LLC Membership Interests Securities Under Federal Securities Law? Comparison to Partnerships and Corporations Structuring an LLC to Avoid Characterization as Securities State Securities Law Publicly-Traded LLCs RIGHTS OF MEMBERS Robert J. McGaughey, 2:50 - 3:25 Duties & Standards of Conduct Fiduciary Duties Derivative Actions Direct Actions Between Members Expulsion of a Member Rights of Inspection Rights to Distributions Actions for Dissolution LLC SPECIAL USES Todd M. Beutler, 3:40 - 4:40 To Hold Real Property For Estate Planning Purposes For Joint Ventures, Venture Capital Projects and Technology Ventures To Hold Tangible or Intangible Personal Property To Hold Life Insurance Policies Professional Limited Liability Companies


	Audience
	Attorneys, CPAs, accountants, enrolled agents, presidents and vice presidents, owners and managers, CFOs, controllers and paralegals will benefit from this timely intermediate level program examining the trends and developments impacting LLCs today.