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, Jill A. Douthett
   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
   9:30 - 10:45, Marla Castner
   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, Lynn McKeever
   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, Jill A. Douthett
   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
   2:15 - 3:25, Lynn McKeever
   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, Lynn McKeever
   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

MARLA CASTNER is a senior tax manager at Moss Adams, LLP, with 29 years of experience in public accounting. The main focus of her career has been taxation and one of the primary areas of concentration has been estate and gift taxation. Prior to moving to New Mexico in 2000, Ms. Castner worked for a small certified public accounting firm in New York, where she gained significant experience in estate, gift and fiduciary taxation. She also is experienced in corporate and partnership taxation and provides consultation for real estate related taxation issues such as like kind exchanges and installment sales. Ms. Castner has provided public speaking to clients and organizations on an array of topics including record retention, estate and gift taxation, like kind exchanges, and family limited partnerships. She is licensed to practice as a certified public accountant in New Mexico and New York and is a member of the AICP. Ms. Castner also is a treasurer for Keep New Mexico Beautiful.

JILL A. DOUTHETT is a sole practitioner in Rio Rancho, New Mexico where she practices in the areas of business formation, LLCs, construction law, franchising and distribution, estate and business succession planning, general business and contract law. She has spoken before various groups on her areas of practice. Ms. Douthett earned her B.A. degree from Tulane University in Louisiana, her J.D. degree from the University of Virginia and she attended London School of Economics. She is a member of the American and Sandoval County bar associations and the State Bar of New Mexico.

LYNN MCKEEVER is an attorney at the Lynn McKeever Law Office in Albuquerque, New Mexico. Ms. McKeever works with individuals and families whose contact with the legal system is infrequent. She also works with business owners and managers. Ms. McKeever earned her B.A. degree, special honors, from the University of Chicago and her J.D. degree from the University of Iowa. She is a member of the State Bar of New Mexico (Real Property and Probate Section, Wills, Trusts and Estate Section, Elderlaw Section (current secretary), New Mexico Estate Planning Council, New Mexico Trial Lawyers Association, National Academy of Elderlaw Attorneys, Albuquerque Independent Business Owners Association, National Association of Parliamentarians and New Mexico Bar Foundation.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com