LLCs: Advanced Planning and Latest Trends

Training Provided by Lorman Education Services Steer clear of the common pitfalls that plague LLCs. Choosing the proper business entity is crucial to the success of a new business, and more and more small businesses are choosing LLCs. Unfortunately, many businesses are unprepared for the tax consequences associated with these entities. Attend this seminar and get the information you need to make informed decisions regarding forming, operating and terminating LLCs, as well as transferring their interests. You'll learn from experienced professionals how LLCs are formed, maintained and taxed. Find out how to operate your business to reap the benefits that LLCs provide. Don't pass up this timely opportunity to get updated on the latest developments in North Carolina. Benefits for You - Avoid common mistakes and oversights when drafting and reviewing LLC operating agreements - Need-to-know strategies for handling tricky taxation issues - Spot traps and opportunities in mergers and acquisitions - Painless techniques for handling difficult governance issues - Meet the challenges ahead - find out how to use LLCs and LPs in estate planning

LLCs: Advanced Planning and Latest Trends Agenda

8:00 am - 8:30 am Registration

8:30 am - 11:00 am North Carolina Limited Liability Companies

(Break 10:00 am - 10:10 am)

- John H. Griffing

- Considerations in Selecting the Entity

- Comparison of a Limited Liability Company to a Limited Liability Partnership, a General Partnership, a Limited Partnership and a Corporation (C and S)

- Number of Owners

- Type of Business

- Taxation and Expenses

- Formation and Organization

- Routine Considerations and Documents

- Operating Agreements

- Securities Law Application

- Rights and Duties of Members

- Rights and Duties of Managers

- Forms, Governance and Maintenance

- Conversion to Another Type of Entity

- Mergers and Acquisitions

- Dissolution and Liquidation

- Forms and Schedules

- Special Allocations

11:00 am - 12:00 pm Nontraditional Interests

- H. Heath Alexander

- Equity Compensation

- Nonvested Interests

- Options

- Warrants

- Convertible Interests

12:00 pm - 1:00 pm Lunch (On Your Own)

1:00 pm - 2:20 pm Common Mistakes and Oversights When Drafting and Reviewing LLC Operating Agreements

- John H. Griffing

2:20 pm - 2:30 pm Break

2:30 pm - 4:30 pm Tax and Estate Planning Uses of LLCs and LPs

- Richard E. Marsh Jr.

- Using LLCs and Limited Partnerships in Section 1031 Exchange Transactions

- Using LLCs and Limited Partnerships in Estate Planning

About The Training Provider: Lorman Education Services

More Accountant Training from Lorman Education Services

• A Tax Primer on Real Estate Investment Trusts
• Investing IRAs and Qualified Plan Rollovers in Real Estate, Franchises, Start-Ups and Other Private Investments - Techniques and
• Preparing for the International Financial Reporting Standard
• Real Estate Income Tax Issues
• Restructuring: Changing Your Choice of Business Entity
• Successfully Maneuvering the Tax Maze of Amortization Rules
• Tax and Practical Aspects of Business Succession Planning
• Tenancies in Common - Legal and Practical Issues
• Understanding the Apportionment Rules for Service-Based Businesses
• Understanding the New Penalties for Tax Preparers
• Understanding the Role and Powers of the Trust Protector