October 24, 2017

    American Bar Association to host LLC Institute, Nov. 2-3 in Arlington, Va.

    WASHINGTON, Oct. 24, 2017 – Tax reform proposals, Delaware and bankruptcy case law updates and fiduciary duties are just a few of the topics that will be discussed during the American Bar Association’s 2017 LLC Institute to be held Nov. 2-3 in Arlington, Va.

    What:  
    2017 LLC Institute
    Sponsored by the ABA Business Law Section

    When:
    Thursday-Friday, Nov. 2-3, 2017

    Where:
    Le Meridien Arlington and Waterview Conference Center
    1121 19th Street North
    Arlington, VA 22209

    J. William Callison of Faegre Baker Daniels in Denver, will be the keynote luncheon speaker on Thursday from 12:15-1:30 p.m.  He is an NGO delegate to the United Nations Commission on International Trade Law’s Working Group I that is working on reducing legal obstacles encountered by micro-, small- and medium-sized businesses in entering the formal economy, maximizing their economic potential and, indirectly, assisting with sustainable development and rule of law application. Callison will discuss the process, politics, perspectives and possibilities of this project.

    Program highlights include:

    “Tax Reform Affecting Pass-Through Entities – What’s Happening, or Not-Happening?” — This panel will discuss the potential impact of the 2017 Tax Reform Proposals and/or provisions (if enacted), which affect pass-through business entities and their equity-holders. The focus will be on partnership tax law changes, as well as disregarded entity and compensation/self-employment changes and planning.

    Thursday, Nov. 2, 10:30 a.m.-Noon

    “Delaware and Bankruptcy Case Law Update” — This panel will discuss recent LLC and partnership cases from Delaware, including cases dealing with fiduciary duties and veil piercing and cases illustrating pitfalls in drafting operating agreements. Attorney Jim Wheaton, of Chesapeake, Va., will provide an update on recent bankruptcy decisions of interest.

    Friday, Nov. 3, 8:05-10:05 a.m.

    “Fiduciary Duties” —  This panel will discuss the role of fiduciary duties in structuring LLC operating agreements. Topics will include accidental contractual resurrection of a fiduciary duty eliminated, aiding and abetting a fiduciary duty contractually eliminated and using a majority in interest amendment provision to eliminate a fundamental fiduciary duty of the minority. Time permitting, the panel will also discuss disclosure duties connected to voting decision making.

    Friday, Nov. 3, 10:15 a.m.-12:15 p.m.

    A complete agenda can be found online.

    This event is open to members of the press at no charge. For media credentialing, please contact Robert Robinson at Robert.Robinson@americanbar.org.

    Go to www.abalegalfactcheck.com for the ABA’s new feature that cites case and statutory law and other legal precedents to distinguish legal fact from fiction.

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