• Limited Liability Companies At 20: Cutting Edge Issues

Program presented by Center for Advanced Legal Studies

9 a.m. - 5 p.m. Friday, June 13, 2008
Suffolk University Law School
120 Tremont St., Boston

Limited Liability Companies at 20: Cutting Edge Issues Registration
Sponsored by
The Center for Advanced Legal Studies
Business Law and Financial Services Concentration
Massachusetts Barr Association

Limited Liability Companies, LLCs, began with Revenue Ruling 88-76, 1988-2 CB 360 on September 2, 1988. In the two decades since, LLCs have grown from a peculiar form of entity to the predominant form of organization for small business. In 2006 the number of new LLCs grew by 2.8 percent (from 12,283 to 12,639) while the number of new corporations actually declined by 10.2 percent (from 10,953 to 9,831), and in Delaware, the total number of LLCs is more than 40 percent higher than the total number of corporations.

In celebration of the 20th anniversary of the advent of this significant form of business organization, national experts who have watched and helped to develop LLC law gather to provide their insight and analysis. The authors of the three principal treatises on LLCs and others who have shepherded the development of LLCs will give detailed explanations of the current state of the law.

Cutting-edge issues on the use of LLCs will be addressed, including single-member LLCs, the rights of members’ creditors, how disputes within the LLC must be resolved, the future of Delaware’s contractual approach to LLCs, and LLCs as – and as a vehicle for use in joint ventures of – nonprofit organizations. Participants will find out how to apply the latest judicial and legislative developments and will gain an understanding of the current law of LLCs and its provenance and what it means for the development of the LLC and the decisions attorneys are making for clients.

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