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9/30/2016
Ethics, Remote Networks, the Cloud, Smartphones & Working from Anywhere (Telephone)

10/3/2016
Fantasy Supreme Court League 2016 (Webinar)

10/4/2016
Indemnification Provisions in Contracts (Telephone)

Business Planning with Series LLCs (Telephone)
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“Series LLCs” are a new and potentially powerful tool in business planning. They allow owners to isolate assets and (crucially) liabilities in various “series,” or cells, within the “mothership” LLC. This shields a particular series’ assets from claims involving the assets of other series under the LLC.

1/8/2016
When: Friday, January 8, 2016
12:00 PM - 1:00 PM

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MCLE Accreditation
Nebraska Activity #118522, 1.0 hour CLE

“Series LLCs” are a new and potentially powerful tool in business planning. They allow owners to isolate assets and (crucially) liabilities in various “series,” or cells, within the “mothership” LLC. This shields a particular series’ assets from claims involving the assets of other series under the LLC. What makes the structure different is that the LLC and all of its series will be considered a single entity for tax and nontax purposes. Management powers and distribution rights can be varied according to each series, but in exchange for these and other benefits there are many limits and variations from the traditional LLC. In addition, there are substantial UCC, bankruptcy, title, and general insurance issues. This program provides you with a real-world guide to understanding how series LLCs are created, the circumstances in which they are best used, drafting the underlying documents, and counseling clients about their use.

• Practical uses of series LLCs in business planning—isolating assets and liabilities in “series,” or cells, within a single structure
• How to draft series LLCs, including essential terms for the LLC and each of the “series” under the LLC “mothership”
• Types of deals and market industries where series LLCs make most sense
• Defining management powers in the LLC and each “series”—how control of one impacts the others
• Contributions of assets and isolation of liabilities—and the impact this has on distribution powers and rights
• Major UCC, title insurance, and tax issues in series LLCs
• Alternative structures, including the use of single-member LLCs and creative use of special allocations

Alson R. Martin is a partner in the Overland Park, Kansas, office of Lathrop and Gage LLP, where he has a national practice focusing on business law, taxation, health care, and retirement plans. He is the president and a director of the Small Business Council of America and a Fellow of the American College of Tax Counsel and the American College of Employee Benefits Counsel. Mr. Martin is the author of Limited Liability Companies and Partnerships and the coauthor of Kansas Corporation Law & Practice (Including Tax Aspects). Mr. Martin received his LL.M. from New York University School of Law.



To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22403

  • Click on abo9ve link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; sweber@nebar.com

Nebraska State Bar Association, 635 S. 14th St., Suite 200, Lincoln, NE 68508
(402) 475-7091; Toll Free (800) 927-0117; FAX (402) 475-7098