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
6. Ethical Issues During LLC Formation

1. WHY LIMITED LIABILITY COMPANIES?
   8:30 - 9:30, Timothy E. Hollingsworth
   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
   9:45 - 11:00, Timothy E. Hollingsworth
   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
   11:00 - 12:00, Milton O. Thompson
   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
   1:00 - 2:15, Milton O. Thompson
   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
   2:30 - 3:40, Melissa A. Ford
   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
6. ETHICAL ISSUES DURING LLC FORMATION
   3:40 - 4:40, Timothy E. Hollingsworth
   1. Ethical Standards and Civil Liability
   2. The Role of the Attorney as Advisor in LLC Formation
   3. Avoiding Conflicts of Interest
   4. Confidentiality - Information Derived From an Earlier Representation

MELISSA A. FORD is a partner with Bingham McHale LLP. Ms. Ford's main areas of practice are real estate, business advisory, joint ventures, economic development and partnership tax. She is a member of the Indiana State Bar Association. Ms. Ford graduated from Indiana University Kelley School of Business, with highest distinction, and she earned her J.D. degree, cum laude, from Indiana University School of Law.

TIMOTHY E. HOLLINGSWORTH is an attorney in private practice in Indianapolis where he practices in the areas of civil litigation, corporation law, commercial law and taxation law. Mr. Hollingsworth is a frequent lecturer on topics ranging from choice of entity to the use of limited liability companies and limited partnerships in estate planning. He earned his B.S. degree from Purdue University and his J.D. degree, magna cum laude, from Indiana University

MILTON O. THOMPSON is of counsel to the Indianapolis law firm of Sweetin & Bleeke, P.C. He has focused his practice in the areas of business law, business formation, entertainment law, sports law, local government relations and state government law since 1979. Mr. Thompson earned his B.A. degree in Political Science and Philosophy at Wittenberg University and his J.D. degree at Indiana University School of Law at Bloomington.

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