Events
Choice of Business Entity in Connecticut
SEMINAR AGENDA
I. THE FUNDAMENTALS OF LIMITED LIABILITY COMPANIES, LIMITED LIABILITY PARTNERSHIPS AND LIMITED PARTNERSHIPS
- Overview of Relevant Statutes
- Advantageous Uses
- Comparison of LLC’s, LLP’s, and LP’s
- How to Use the LLC, LLP and LP for Professional Organizations
- Tax Issues Affecting LLC’s, LLP’s, and LP’s
Operational Issues - Drafting Considerations
II. FACTORS IMPACTING CHOICE OF ENTITY
- Financing: Debt, Equity and Alternatives
- Liability and Operational Implications
- Management Style
- Benefit Issues
- Dissolution Concerns
III. HIGHLIGHTS OF S AND C CORPORATIONS
- Deciding Whether to Incorporate
- Advantages of S and C Corporations
- Drafting Organizational Documents
- Operational Issues
- Tax Issues Affecting Corporations
IV. ETHICAL CONSIDERATIONS
- Avoiding Conflicts of Interest
- Attorneys’ Fees
- Canon of Ethics — The Scope of the Lawyer-Client Relationship
V. GENERAL PARTNERSHIPS AND JOINT VENTURES
- Circumstances in which General Partnerships or Joint Ventures May be Available
- General Partnership Agreement Provisions
- Ownership Interests
- Tax Consequences of General Partnerships and Joint Ventures
- Liability of Partners
- Conversions, Mergers and Buyouts
Dissolution Issues