Limited liability companies can be an advantageous route for business owners, but do you have the knowledge you need to stay in compliance with current legislation and make them work for you? Get the crucial information you need to make informed decisions on taking advantage of LLCs and putting them to work for you. Order today!

1. Why Limited Liability Companies?
2. Fully Using Tax Advantages
3. How to Comply Under State Law
4. Creating Practical Operating Procedures
5. Advantageous Uses of LLCs

Continuing Education Credits:   

* denotes specialty credits

1. WHY LIMITED LIABILITY COMPANIES?
   8:30 - 10:00, Russell L. Case
   1. History and Types of LLCs
   2. The State Statute
   3. Comparison to Other Entities
      1. C Corporations
      2. S Corporations
      3. General and Limited Partnerships
      4. Other Entities
   4. Who Should Use LLCs?
2. FULLY USING TAX ADVANTAGES
   10:15 - 11:45, Glen P. Olsen
   1. Taxation as a Partnership or Corporation
   2. Tax Advantages Over Other Entities
   3. Election Out of Partnership Status
   4. Flexibility in Allocations
   5. How Self-Employment Taxes Are Covered
   6. "Check the Box" Income Tax Regulations
3. HOW TO COMPLY UNDER STATE LAW
   12:45 - 1:25, Gregory Ferney
   1. Avoiding Trouble With Concise Articles of Organization
   2. How Much Protection From Liability do LLCs Provide?
   3. Handling Mergers and Conversions
   4. Proper Property Transfers
   5. Guiding Clients Through Dissolution
   6. Practical Uses for One-Person LLCs
   7. Why Foreign LLCs?
   8. Special Rules for Regulated Professionals
   9. Exceptions to Limited Liability
4. CREATING PRACTICAL OPERATING PROCEDURES
   1:25 - 2:25, Russell L. Case
   1. How Internal Management and Regulation Choices Affect the Entity
   2. Important Powers and Duties of Members
   3. Complete Records, Returns and Reports: Safeguarding the Organization
   4. The Comprehensive Operating Agreement - Sample Review
   5. Securities Law Issues Related to Issuance or Transfer of Membership Interests in LLCs
5. ADVANTAGEOUS USES OF LLCs
   2:25 - 3:25 and 3:40 - 4:40, Gregory Ferney
   1. Using an LLC to Hold Real Property
   2. How You Can Hold Tangible Personal Property or Intangible Assets
   3. As a Valuation "Freeze" Entity
   4. Estate Planning Options
   5. Holding Life Insurance Policies in an LLC
   6. For Venture Capital Projects and Corporate Joint Ventures
   7. LLCs in Lieu of Corporate Subsidiaries

RUSSELL L. CASE is an attorney at Case Corporate Counsel LLC, where his background has enabled him to handle complex and routine matters with equal interest and dedication, combining lessons learned from one area of law or business with approaches taken in different areas of the world to craft strategically aligned answers for his clients and businesses. Mr. Case's work history includes time as a corporate/securities attorney for prestigious law firms in Atlanta, Honolulu and Boise and as operations, international and M&A counsel for Scientific-Atlanta Inc. and BellSouth Corporation. He also has worked on the business side, acting as director of Corporate Development at BellSouth and vice president, Worldwide Mergers & Acquisitions for Concert BV, an AT&T/British Telecom joint venture. Mr. Case is a member of the American and Hawaii State bar associations, the State Bar of Georgia and the Idaho State Bar. He earned his B.A. degree, cum laude, from Williams College and his J.D. degree from Cornell Law School.

GREGORY FERNEY is an attorney with Mimura Law Offices PLLC. Mr. Ferney represents clients in the areas of business law, real estate law and criminal law. He earned his B.A. degree in economics from the College of Idaho, his J.D. degree from the University of Idaho College of Law and his LL.M. degree in taxation from the University of Washington School of Law. He is a member of the Washington State Bar and the Idaho State Bar.

GLEN P. OLSEN is a partner in the CPA firm of Olsen & Company, CPA's. The firm focuses in small business and individual taxation. Mr. Olsen has 25 years of experience as a CPA. He earned his B.S. degree from Brigham Young University. Mr. Olsen is a member of the American Institute of Certified Public Accountants (AICPA) and the Idaho Society of CPA's.

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