A Practical Guide to LLCs

December 9, 2011

Event| Limited Liability Company & Partnership Advisory

In this seminar, an experienced panel will provide a practical introduction to LLCs. The panel will compare LLCs to corporations (including S corporations) as well as to partnerships and limited partnerships, citing the advantages and disadvantages of each entity and how such advantages and disadvantages can shape one’s choice-of-entity decision.

The panel will discuss the mechanics of forming an LLC, the use of equity-based incentive compensation arrangements in the context of an LLC, tax issues and benefits that arise from the utilization of an LLC, and new developments in the area of LLC law. The panel will also provide real-world examples of the use of LLCs in specific businesses and contexts.

Director Matt Criscimagna will lead a discussion on fiduciary duties that will examine:

  • Default fiduciary duties under the Delaware LLC Act
  • Modification of fiduciary duties
  • Modification of liability
  • Recent case law