LLC Liability vs. Corporation Liability

$195.00

Re-Broadcast on October 1, 2018

CLE Credits earned: 2 GEN

Corporations have been around since the 17th century, so they are familiar forms of business organization with a well-developed body of law behind them. The limited liability company, on the other hand, did not come into being as we know it until 1977, so it is the new kid on the block. Although we have a uniform act governing limited liability companies, the law is still developing in some respects, including the law related to liability.

This program will explore the fundamental differences between the corporate structure and the limited liability structure and the difference in governance of the two, which differences have significant impact on liability as applied to each.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

•   Corporate Structure and Organization
•   LLC Structure and Organization
•   Role of owners in LLCs in contrast to corporations
•   Criteria for maintaining the liability shield for corporations
•   Are there criteria for maintaining the liability shield for LLC’s
•   Piercing the veil of LLCs and corporations
•   Clarification of the Charging Order

Date / Time: October 1, 2018

•  2:00 pm – 4:00 pm Eastern
•  1:00 pm – 3:00 pm Central
•  12:00 pm – 2:00 pm Mountain
•  11:00 am – 1:00 pm Pacific

Choose a format:

•  Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•  On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

Clear

Kenneth A. Sprang, Esq. is one of the founding partners of Washington International Business Counsel, LLP, in Washington, DC. Mr. Sprang counsels and represents both domestic and international clients in a wide range of corporate, business and transactional matters, as well as in labor and employment, employee benefits and real estate issues. Over the course of his 30 plus year career, Mr. Sprang has practiced with both large and small firms, as well as serving as in house counsel for Fortune 500 companies and as general counsel to smaller companies.

Mr. Sprang began his career with Morgan, Lewis & Bockius, a large, multi-national firm. Subsequently, he served as in house counsel in the legal departments of Calgon Corporation, a former subsidiary of Merck & Co., Inc., and Cyclops Corporation, a Fortune 500 specialty steel manufacturer. Later, Mr. Sprang founded legal departments and served as in-house general counsel for several start-up and other privately-held companies, including a hospital and a web-based company. Mr. Sprang has also spent several years as a full-time law professor, and continues teaching property law and a labor seminar as an Adjunct Professor at Catholic University of America, Columbus School of Law in Washington, D.C.

Mr. Sprang counsels clients in corporate governance; negotiation, drafting, and review of contracts, real estate documents, and other instruments; licensing, trademark registration and similar intellectual property matters; mergers and acquisitions; and federal and state regulatory compliance. He current serves as outside general counsel to several companies, including software developers, a manufacturer of isostatic presses, and a restaurant group.

Mr. Sprang also brings to his clients special expertise in labor and employment law. He represents employers in traditional labor relations matters, as well as in wage and hour, employment discrimination, HR, employee benefits, OSHA, and other issues related to employment. In addition to representing clients in all aspects of U.S. labor and employment law (including specific state laws), he has served on the senior staff of the Chairman of the National Labor Relations Board and taught the subject for many years. He is the author or co-author of several books and articles on labor and employment law and alternative dispute resolution.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

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Applied MCLE Approvals
myLawCLE seeks approval via application in all other states that are not automatically approved through myLawCLE’s state accreditation. (Some states may take up to 4 weeks to send in final accreditation, however attendees will receive accreditation according to the date the class was taken—the state of VA may take up to 12 weeks.)

Accreditation on Formats: Live Video Broadcasts, “Live” Re-Broadcasts and On-Demand CLEs

Live Video Broadcasts
Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except LA and PA—these two states require in-person attendance to qualify for “Live” CLE credit.

“Live” Re-Broadcasts
“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NM and LA.]

On-Demand CLEs
On-demand CLE classes are available 24/7 via the myLawCLE portal. Attendance to these classes is monitored and recorded via our login process and a certificate of completion is issued upon the close of viewing the program. These CLEs can be viewed at anytime and only qualify for self-study CLE credits.

Reciprocity
Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, CO, CT, FL, GA, ME, MO, MT, ND, NH, NJ, NY, PR, SD and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

myLawCLE Credit Guarantee
Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.