Choice of Business Entity in Connecticut

January 10, 2003
None Specified
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

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