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. Advantageous Uses of LLCs
4. How to Comply Under State Law
5. Creating Practical Operating Procedures
6. Ethical Issues During LLC Formation

1. WHY LIMITED LIABILITY COMPANIES?
   8:30 - 9:30, Matthew D. Kaufman and Scott W. Meier
   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 - 10:30, Lynn Boak
   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. ADVANTAGEOUS USES OF LLCs
   10:45 - 11:45, Matthew D. Kaufman and Scott W. Meier
   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
4. HOW TO COMPLY UNDER STATE LAW
   12:45 - 2:25, Matthew D. Kaufman and Scott W. Meier
   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
5. CREATING PRACTICAL OPERATING PROCEDURES
   2:40 - 3:40, Matthew D. Kaufman and Scott W. Meier
   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
6. ETHICAL ISSUES DURING LLC FORMATION
   3:40 - 4:40, Lynn Boak
   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

LYNN BOAK is a solo practitioner at Lynn Boak, Attorney at Law, P.C. Ms. Boak's practice centers on taxation, estate planning, business planning, tax controversies, administrative law and appellate law. She is licensed in Colorado and Wyoming and is admitted to tax court and all federal courts in Colorado and Wyoming. Ms. Boak is a regular presenter in her areas of expertise. She earned her B.A. degree from the University of Colorado, Boulder, and her J.D. degree from the University of Denver College of Law (now Sturm College of Law). Ms. Boak is a member of the Wyoming State Bar (member, Officers and Commissioners), and the Colorado, Laramie County and American bar associations.

MATTHEW D. KAUFMAN is an attorney with Hathaway & Kunz, P.C. Mr. Kaufman has a broad business and commercial practice representing and advising various types of businesses, corporations and individuals. He regularly advises clients on matters involving business formation, operations, and transactions, and has significant experience representing clients in all types of litigation. Mr. Kaufman earned his B.A. degree from the University of Wyoming and his J.D. degree from the University of Wyoming College of Law. His court admissions include Wyoming Supreme Court, Colorado Supreme Court, U.S. District of Wyoming and U.S. District of Colorado. Mr. Kaufman is the president of the Wyoming Federalist Society and a member of the Young Lawyers Section of the Wyoming State Bar.

SCOTT W. MEIER is a partner with Hathaway & Kunz, P.C. Mr. Meier is an experienced business counselor and advisor who focuses part of his practice on entity formation, corporate governance, and entity dissolutions. He has represented both majority shareholders and minority shareholders as well as regularly advising business clients on various issues concerning limited liability company law, corporation law and partnership law, real estate and commercial transactions. Mr. Meier's practice also encompasses estate planning as well as probate and trust administration. He prepares estate planning documents for clients and represents clients in probate and trust administration proceedings. Mr. Meier also advises clients in a broad range of lifetime gifting strategies, including generation skipping planning, helps in the preparation of estate and gift tax returns and is involved in estate and trust dispute resolution proceedings. He earned his B.S. degree from the University of Wyoming and his J.D. degree from the University of Wyoming College of Law. His court admissions include Wyoming Supreme Court, Colorado Supreme Court, U.S. District of Wyoming, U.S. District of Colorado and U.S. Tax Court. Mr. Meier is a member of the Wyoming State Bar Foundation, the Wyoming State Bar, and the Colorado, Laramie County and American bar associations.

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