Sep 17 NBI Seminar

Philip L. Chapman, Esq.

National Business Institute Seminar

Holiday Inn & Conference Center
50 Kenney Place Saddle Brook, NJ

Date: September 17, 2003 Time: 8:30 AM – 4:30 PM

Choice of Business Entity in New Jersey:
How to Do it Right

Limited Liability Companies, Limited Liability Partnerships and Limited Partnerships

Program Summary

A business that is well - planned from the outset is a business that is well - prepared for the future. Choosing the proper business entity is crucial to the success of a new business. This seminar is designed to give you the information you need to help your clients make a well – informed decision about business entity choice.

Take an in – depth look into LLCs, LLPs, corporations, partnerships and joint ventures. Learn when it is appropriate to choose each entity. Find out how tax consequences may impact your decision and take home specific guidelines for drafting corporate documents. Don’t miss this timely opportunity to learn new strategies for effectively dealing with different business entities!

Who Should Attend

Attorneys, accountants and financial planners who wish to further their expertise in the formation and operation of business entities will benefit from this basic – to – intermediate program.

Reference Manual

The faculty members have prepared a reference manual specifically to accompany their presentation of this seminar. It expands on the seminar topics and also serves as an easy – to – use resource for you after the seminar. Register for this important seminar and receive this valuable reference manual absolutely free.

Audio Tapes

One of the major benefits of attending this seminar in person is being able to confer with faculty and other program participants. The seminar will be recorded in its entirety, so if you can’t attend you can still obtain the benefits of the information provided. Just order a set of the audio tapes and reference manual from this program. Please use the registration form to order.

Seminar Agenda

I. THE FUNDAMENTALS OF LIMITED LIABILITY COMPANIES, LIMITED
LIABILITY PARTNERSHIPS AND LIMITED PARTNERSHIPS

	Overview of Relevant Statues
	Advantageous Uses
	Comparison of LLCs, LLPs and LPs
	How to Use the LLC, LLP and LP for Professional Organizations
	Tax Issues Affecting LLCs, LLPs and LPs
	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
	Attorney’s Fees
	Canon of Ethics – The Scope of the Lawyer – Client Relationship

V. GENERAL PARTNERSHIPS AND JOINT VENTURES