University of Texas School of Law

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Answer Bar: LLCs and Partnerships Formation (Jul 2017)

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Session 1: 2017 Case Law Update - A survey of Texas and federal cases involving LLCs and partnerships, including LLPs and limited partnerships, and current developments with respect to fiduciary duties and piercing the veil of limited liability entities.

Session 2: 2017 Texas Legislative Update Hear a summary of legislation adopted in the 2017 Texas Legislature that affects partnerships and LLCs and selected other entity-related bills.

Session 3: 2017 Secretary of State Update - Discover filing tips, including administrative issues, from the Office of the Secretary of State.

Session 4: "Hello"—Inadvertent Partnerships - Partnerships can arise through the conduct of parties. Explore what makes a relationship a partnership and what to do to avoid partnership characterization.

Session 5: Effective Engagement Letters and Other Simple Risk-Management Tools Keeping the client reasonably informed is required under the Texas disciplinary rules of professional conduct, and doing so is good risk management. Examine how effective engagement letters, disengagement letters, and other communications keep the client reasonably informed and engaged, while helping to control the client’s expectations, promoting effective risk management, and reducing the likelihood of legal malpractice claims.

Session 6: Model Company Agreements - Walk through refinements to the model agreements for simple limited liability companies, including modifications related to the recent legislative changes to the Texas Business Organizations Code.

Session 7: New Partnership Audit Rules—Update and Drafting Considerations - Hear the essentials for drafting new audit rules after the proposed regulations and other developments. Understand how the rules work and what to look for, how the IRS will apply the rules, and how to draft partnership and company agreements with the flexibility to avoid renegotiating and redrafting.

Session 8: "Good Bye"—Buy-Outs or Exits All good (and not so good) things must come to an end.  When owners of an LLC or partnership are ready to part ways, what does one want in the Company Agreement/Partnership Agreement in order to facilitate an orderly exit by the departing owners?

Session 9: Nuts and Bolts Ethics for the Business and Transactional Lawyer - Engage in a practical discussion of current ethics topics related to business and transactional law, including conflicts issues, and attorney migration between firms.

Total Credit Hours:
7.50 | 2.00 ethics     Credit Info

TX MCLE credit expires: 1/31/2019

Includes: Video Audio Paper Slides

$265  

Preview Sessions
Credit Hours
1. Case Law Update (Jul 2017)

Elizabeth S. Miller

1.00 0.00 0.00 1.00  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 66 mins
Audio (mp3) 66 mins
Paper (pdf) 72 pgs
Slides (pdf) 18 pgs

SESSION 1 — 66 mins, credit 1.00

Session 1:

Case Law Update (Jul 2017)

A survey of Texas and federal cases involving LLCs and partnerships, including LLPs and limited partnerships, and current developments with respect to fiduciary duties and piercing the veil of limited liability entities.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Elizabeth S. Miller, Baylor Law School - Waco, TX

2. Texas Legislative Update (Jul 2017)

Daryl B. Robertson

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 45 mins
Audio (mp3) 2 mins
Paper (pdf) 20 pgs
Slides (pdf) 18 pgs

SESSION 2 — 45 mins, credit 0.75

Session 2:

Texas Legislative Update (Jul 2017)

Hear a summary of legislation adopted in the 2017 Texas Legislature that affects partnerships and LLCs and selected other entity-related bills.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Daryl B. Robertson, Hunton & Williams LLP - Dallas, TX

3. Secretary of State Update (Jul 2017)

Carmen Flores

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 41 mins
Audio (mp3) 41 mins
Paper (pdf) 57 pgs
Slides (pdf) 24 pgs

SESSION 3 — 41 mins, credit 0.75

Session 3:

Secretary of State Update (Jul 2017)

Discover filing tips, including administrative issues, from the Office of the Secretary of State.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Carmen Flores, Office of the Secretary of State - Austin, TX

4. "Hello"—Inadvertent Partnerships (Jul 2017)

John C. Ale

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 44 mins
Audio (mp3) 43 mins
Paper (pdf) 16 pgs
Slides (pdf) 11 pgs

SESSION 4 — 44 mins, credit 0.75

Session 4:

"Hello"—Inadvertent Partnerships (Jul 2017)

Partnerships can arise through the conduct of parties. Explore what makes a relationship a partnership and what to do to avoid partnership characterization.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

John C. Ale, Southwestern Energy Company - Spring, TX

5. Effective Engagement Letters and Other Simple Risk-Management Tools (Aug 2017)

George W. Coleman, A.J. Singleton

1.00 1.00 0.00 1.00 | 1.00 ethics  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 61 mins
Audio (mp3) 60 mins
Paper (pdf) 28 pgs
Slides (pdf) 6 pgs

SESSION 5 — 61 mins, credit 1.00 | 1.00 ethics

Session 5:

Effective Engagement Letters and Other Simple Risk-Management Tools (Aug 2017)

Keeping the client reasonably informed is required under the Texas disciplinary rules of professional conduct, and doing so is good risk management. Examine how effective engagement letters, disengagement letters, and other communications keep the client reasonably informed and engaged, while helping to control the client’s expectations, promoting effective risk management, and reducing the likelihood of legal malpractice claims. 

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

George W. Coleman, Bell Nunnally & Martin LLP - Dallas, TX
A.J. Singleton, Stoll Keenon Ogden PLLC - Lexington, KY

6. Model Company Agreements (Jul 2017)

Elizabeth S. Miller, Cliff Ernst

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 49 mins
Audio (mp3) 49 mins
Paper (pdf) 116 pgs
Slides (pdf) 12 pgs

SESSION 6 — 49 mins, credit 0.75

Session 6:

Model Company Agreements (Jul 2017)

Walk through refinements to the model agreements for simple limited liability companies, including modifications related to the recent legislative changes to the Texas Business Organizations Code.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Elizabeth S. Miller, Baylor Law School - Waco, TX
Cliff Ernst, Graves, Dougherty, Hearon & Moody - Austin, TX

7. New Partnership Audit Rules—Update and Drafting Considerations (Jul 2017)

Robert R. Keatinge, Barbara Spudis de Marigny

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 45 mins
Audio (mp3) 45 mins
Paper (pdf) 10 pgs
Slides (pdf) 20 pgs

SESSION 7 — 45 mins, credit 0.75

Session 7:

New Partnership Audit Rules—Update and Drafting Considerations (Jul 2017)

Hear the essentials for drafting new audit rules after the proposed regulations and other developments. Understand how the rules work and what to look for, how the IRS will apply the rules, and how to draft partnership and company agreements with the flexibility to avoid renegotiating and redrafting.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Robert R. Keatinge, Holland & Hart LLP - Denver, CO
Barbara Spudis de Marigny, Orrick, Herrington & Sutcliffe LLP - Houston, TX

8. "Good Bye"—Buy-Outs or Exits (Jul 2017)

Trenton Hood

0.75 0.00 0.00 0.75  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 47 mins
Audio (mp3) 46 mins
Slides (pdf) 10 pgs

SESSION 8 — 47 mins, credit 0.75

Session 8:

"Good Bye"—Buy-Outs or Exits (Jul 2017)

All good (and not so good) things must come to an end.  When owners of an LLC or partnership are ready to part ways, what does one want in the Company Agreement/Partnership Agreement in order to facilitate an orderly exit by the departing owners?

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Trenton Hood, Naman, Howell, Smith & Lee, PLLC - Waco, TX

9. Nuts and Bolts Ethics for the Business and Transactional Lawyer (Jul 2017)

Claude E. Ducloux, George W. Coleman

1.00 1.00 0.00 1.00 | 1.00 ethics  

Preview Session Materials

You may download session materials
for offline use.

Video (mp4) 57 mins
Audio (mp3) 56 mins
Slides (pdf) 27 pgs

SESSION 9 — 57 mins, credit 1.00 | 1.00 ethics

Session 9:

Nuts and Bolts Ethics for the Business and Transactional Lawyer (Jul 2017)

Engage in a practical discussion of current ethics topics related to business and transactional law, including conflicts issues, and attorney migration between firms.

Originally presented at: Jul 2017 LLCs, LPs and Partnerships

Claude E. Ducloux, Attorney at Law - Austin, TX
George W. Coleman, Bell Nunnally & Martin LLP - Dallas, TX