Limited Liability Companies in Colorado
February 2011
Limited Liability Companies in Colorado
The Definitive Seminar on LLCs in Colorado!
Whether you need to learn the basic concepts or study its complexities, attend this program to get a comprehensive view of limited liability companies in Colorado. From basic drafting and structure to economic rights and obligations … from fiduciary duties to securities law … from single member LLCs to creditors' rights, Herrick Lidstone and Allen Sparkman will spend the day giving you the inside track on this flexible form of enterprise.
Register Now!
AGENDA
8:30 am
Registration and Continental Breakfast
9:00 am
Basic Drafting Concepts
- Operating Agreement or No Operating Agreement?
- Scriven with Precision
9:15 am
Basic Structure
- Articles of Organization
- Rights and Duties of Members
- Management Structure - Management by Managers or Members
- Member Voting
- Assignments of Membership Interests
- Buy-Sell Provisions
- Admission of New Members
- Members versus Assignees
- Disassociation and Expulsion
- Dissolution and Liquidation
10:15 am
Networking Break
10:30 am
Economic Rights and Obligations
- Initial and Future Contribution Obligations
- Treatment of Non-Cash Contributions
- Capital Accounts, Income and Loss Allocations
- Different Classes
- Transfers of Economic Interests and Book-Ups
- Member Loans
- Member Compensation for Services
- Interim Distributions
- Liquidation Distributions
11:30 am
Fiduciary And Related Duties
- Contractual Obligation of Good Faith and Fair Dealing
- Other Statutory Obligations
- To Waive or Not to Waive
12:00 pm
Lunch (on your own)
1:15 pm
Securities Law Issues and Answers
- Are LLC Membership Interests Securities?
- Structuring an LLC to Avoid Characterization as Securities
- Securities Law Compliance
2:15 pm
Single Member LLCs
- Operating Agreement or Not?
- Management by Member or Manager
- Management by One Not the Owner
- Is There Any True Asset Protection?
2:45 pm
Out-of-the-Ordinary LLCs
- Not-For-Profit LLCs
- Low-profit Limited Liability Companies (L3Cs)
- Series LLCs
3:30 pm
Creditors Rights
- Judgment Creditor versus Contractual Rights
- Uniform Commercial Code and Control Agreements
- Charging Orders
- Piercing the Veil
- Other Bases to hold Managers and Members Liable
4:15 pm
Ethics
- On Organization - Who is the Client? Respect for Rights of Third Parties
- Fees and Retainer Agreements
- Equity as Compensation to Legal Counsel
- When Bad Things Happen and the Client Goes Astray - Rules 1.6 and 1.13
- Conflicts of Interest in Continuing Representation
5:15
Adjourn
Presented by Herrick K. Lidstone Jr., Esq., and Allen Sparkman, Esq.
Faculty:
Herrick K. Lidstone Jr., Esq.
Burns Figa & Will, PC
Denver, CO
Allen Sparkman, Esq.
Sparkman + Foote, LLP
Denver, CO
Video Replays: March 17, 2011
Denver: CLE Classroom, 1900 Grant Street, Suite 300
Grand Junction: 1250 East Sherwood Drive
Colorado Springs: 421 South Tejon Street, Suite 100
Location Information
CLECI Large Classroom
1900 Grant Street, Suite 300
Denver, CO 80203
Get directions
1900 Grant Street, Suite 300
Denver, CO 80203
Registration Fees
| Non Member | $339.00 |
| CBA | $289.00 |
| CORP | $259.00 |
| New Lawyer | $239.00 |
| CBA | $239.00 |
- General Credits: 8.00
- Ethics Credits: 1.20
- EDI Credits:
To join the CBA or add a Section to your membership click