2:30PM - 6:00PM
Closely Held Businesses
Chair: John O Tannenbaum, Law Offices of John O. Tannenbaum, Hartford, CT
2:30pm Alternatives to IRC Section 355. A panel discussion of planning ideas to separate businesses in a tax efficient manner without relying on the complex limitations of IRC section 355. Moderator: Gregory R. Wilson, Titchell Maltzman Mark & Ohleyer PC, San Francisco, CA. Panelists: Steven M. Flanagan, Ernst & Young LLP, Washington DC; John N. Geracimos, KPMG LLP, Washington DC.
3:30pm Disregarded Entities and Series LLCs – Can They Also
Be Disregarded by Creditors? A panel discussion
regarding the status of the law and opinions of
practitioners regarding the liability protection provided
by single member LLCs and series LLCs including a
review of the cases on this topic. Moderator:
Christopher M. Riser, Riser Adkisson LLP, Atlanta, GA.
Panelists: Robert Keatinge, Holland & Hart LLP, Denver,
CO; Allan Donn, Willcox & Savage PC, Norfolk, VA.
4:30pm Conflicts of Interest and Related Ethical Considerations in Representing the Closely Held Business and Its Owners. The owners of a closely-held business often think of the lawyer who represents the business as their personal lawyer as well. This client attitude is fraught with ethical problems for the lawyer. These and other related issues will be discussed by this panel, which will also look at examples of engagement letters used by lawyers entering into such joint representation. Moderator: Professor Michael B. Lang, Chapman University School of Law, Orange, CA. Panelists: Professor Mona L. Hymel, University of Arizona College of Law, Tucson, AZ; A. Thomas Skallas, Arnstein & Lehr LLP, Chicago, IL; Samuel C. Ullman, Bilzin Sumberg Baena Price & Axelrod LLP, Miami, FL.
5:30pm Closely Held Business Committee Planning Meeting.
