Audio CD + Course Book

Limited Liability Companies

Audio CD + Course Book

Copyright Date:

December, 2017

Product ID#:

77564CDRA

Audio + Course Book

Credit Information

Continuing Legal Education

  • FL CLE - 8.00
From Event: Limited Liability Companies, held December 2017.

Program Description

Limited liability companies can be a favorable 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!

Course Content

  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

Continuing Education Credit

Continuing Legal Education – CLE: 8.00 FL - Credit Approval Expiration 06/11/2019 *


* denotes specialty credits

Agenda / Content Covered

  1. WHY LIMITED LIABILITY COMPANIES?
    8:30 - 9:30, Peter Nealis
    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?
    5. Q&A
  2. FULLY USING TAX ADVANTAGES
    9:30 - 10:45, Joshua O. Dorcey
    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
    7. Q&A
  3. HOW TO COMPLY UNDER STATE LAW
    11:00 - 12:15, Peter Nealis
    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
    10. Q&A
  4. CREATING PRACTICAL OPERATING PROCEDURES
    1:15 - 2:30, Peter Nealis
    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. Q&A
  5. ADVANTAGEOUS USES OF LLCs
    2:45 - 3:40, Stuart J. Edelman
    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
    8. Q&A
  6. ETHICAL ISSUES DURING LLC FORMATION
    3:40 - 4:40, Joshua O. Dorcey
    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
    5. Q&A

JOSHUA O. DORCEY is an attorney in Fort Myers, Florida practicing in the areas of Florida estate planning, asset protection, Florida probate, business planning, and small business litigation. He is a member of the American Bar Association's Business Law Section, Wills, Trust and Estate Planning Section and Tax Section. He is a member of The Florida Bar's Business Law Section, Real Property and Probate Section and the Wills, Trust and Estate Planning Section. Mr. Dorcey earned his B.S. degree in business administration with a minor in communication studies from Samford University in Birmingham, Alabama. Thereafter, he earned his J.D. degree with a focus in business planning, estate planning and transactional services from Liberty University School of Law in Lynchburg, Virginia.

STUART J. EDELMAN is an attorney with Mitchell & West, LLC, where he is responsible for representing both corporate and individual clients in the capacity as outside and in house corporate counsel. He has, for over 30 years, provided legal expertise, representation and consulting services involving corporations, businesses, transactions, mergers, acquisitions, litigation, the formation, maintenance and governance of corporations, LLCs, LPs , joint ventures, consortiums and real estate matters, including the sale and acquisition of commercial properties, leases and foreclosures. Mr. Edelman earned his B.B.A. degree, his J.D. degree and his LL.M. degree from the University of Miami.

PETER NEALIS is a partner in the Cleveland office of Taft Stettinius & Hollister LLP, who also practices in Sarasota/Bradenton, Florida. He has substantial experience representing both public and private companies and investors in a variety of securities, regulatory, and corporate governance matters. Mr. Nealis also has represented many private businesses, including start-ups and emerging growth companies, in their initial capital raising ventures and subsequent private placements, and has substantial experience in the area of partnership and limited liability company formation and governance, and related tax issues. He has represented businesses and their owners in connection with all aspects of the mergers and acquisitions process, and counsels clients on a wide variety of general corporate and business matters, including intellectual property protection and licensing. Mr. Nealis is a member of The Florida Bar and Sarasota Bar Association. He earned his B.A. degree from Colby College and his J.D. degree from The Ohio State University.

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

Accreditation Details:

Continuing Legal Education

FL CLE: 8.00 Credit Approval Exp
06/11/2019
Includes - Business Litigation: 8.00, Civil Trial: 8.00, Ethics: 1.00
Approved by The Florida Bar, this program may qualify for up to 8.0 general hours of CLER self-study credit including 1.0 hour of self-study ethics credit. Certification: 8.0 - Business Litigation; 8.0 - Civil Trial.


Additional Format Options

Questions


How To Order

Web: Order Now
Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702