Series LLCs: Financial and Operational Flexibility Under New Delaware and Other State Laws
Advantages and Disadvantages; Formation and Governance; Drafting Strategies
Recording of a 90-minute CLE webinar with Q&A
This CLE course will add another option to the corporate attorney's arsenal of entities to use for clients looking to limit liability, define ownership rights, and reap tax advantages: the "series LLC." A series LLC is essentially a series of separate and distinct LLCs under the umbrella of one LLC without the need to form a new LLC for each part of the "series." Because this form is complex, corporate lawyers must be familiar with all the relevant nuances.
- Legal parameters of series LLC
- Description and definition
- Available formation states
- Available operation states
- Selection of entity considerations
- Operational considerations
- Tax considerations
- Examples of Series LLC applications
The panel will review these and other high priority matters:
- What is a series LLC, and how does it differ from a regular LLC?
- What are the advantages and disadvantages of the LLC format?
- Are there ongoing documentation issues that must be observed?
Dr. Sheryl Tatar Dacso
Dr. Dacso has represented healthcare organizations, hospitals and physicians for over 35 years. She concentrates her... | Read More
Dr. Dacso has represented healthcare organizations, hospitals and physicians for over 35 years. She concentrates her practice on healthcare compliance, regulations and transactions, including physician practice mergers, acquisitions and business ventures as well as digital health and telemedicine. Dr. Dacso is a thought leader and frequent speaker on many healthcare topics such as health information technology, including digital and e-health transactions, HIPAA and privacy, and telemedicine use and regulation as well as healthcare reform, ACOs, health information exchanges and the various rules and incentives associated with the use of electronic health records. Dr. Dacso was a pioneer in the early models of e-Health and information technology as she counseled entrepreneurs, healthcare providers and academic medical centers on the use and deployment of this technology.Close
Philip R. Lehmberg
Mr. Lehmberg's practice focuses on structuring and advising clients on issues related to LLCs, series LLCs,... | Read More
Mr. Lehmberg's practice focuses on structuring and advising clients on issues related to LLCs, series LLCs, partnerships, trusts and S corporations. Because these entities pass their taxable income through to their respective owners, his business and tax experience also extends to advising clients on the income tax and business effects associated with the ownership of the pass-through entities.Close
Mr. Wolf is a partner in the Corporate and Business Department a member of the Management Committee. A native El... | Read More
Mr. Wolf is a partner in the Corporate and Business Department a member of the Management Committee. A native El Pasoan, he began as an associate in 1991 practicing primarily in the areas of securities, business and tax law. Mr. Wolf was promoted to partner in 1997 with practice emphasis on tax, estate and business planning.Close