University of Texas School of Law

eConference

2018 LLCs, LPs, and Partnerships eConference (Aug 2018)

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LLCs, LPs and Partnerships, now in its 27th year, features a distinguished body of practitioners and academics covering the latest developments in unincorporated entities, including impacts of recent tax reform legislation and the use of pass-through entities. The program provides great forms, model agreements, coverage of best practices for key clauses and provisions, and analyzes issues faced by practitioners.
  • Hear the latest updates in Texas case law, as well as filing tips and administrative guidance from the Secretary of State.
  • Hear a Federal Tax Update as well as a discussion on Choice of Entity after Tax Reform, exploring the factors that may influence your selection including when and why to use pass-through entities. 
  • Review the recent Dallas Court of Appeals decision in Enterprise Products Partners v. Energy Transfer Partners, L.P. and get an update on inadvertent partnerships in light of that decision.
  • Gain practical tips for drafting indemnity provisions, amendment provisions, and ownership exit agreements.
  • Explore essential securities considerations, filing requirements and more. 
  • Understand the IRS’s new approach to partnership audits in Drafting Partnership and LLC Agreements for the New Partnership Audit Rules.
  • Learn the basics of Blockchain technology and smart contracts.
  • Earn 2.00 hours of legal ethics including a presentation on Modern Ethics and the Moveable Lawyer.
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Total Credit Hours:
11.75 | 2.00 ethics     Credit Info
Specialization: Civil Appellate Law | Civil Trial Law | Tax Law

TX MCLE credit expires: 7/31/2019

Includes: Video Audio Paper Slides

$525  

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Credit Hours
1. Case Law Update (Aug 2018)

Elizabeth S. Miller, Douglas K. Moll

1.00 0.00 0.00 1.00  

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Video (mp4) 66 mins
Audio (mp3) 66 mins
Paper (pdf) 106 pgs
Slides (pdf) 30 pgs

SESSION 1 — 66 mins, credit 1.00

Session 1:

Case Law Update (Aug 2018)

Learn what Texas courts have said during the past year about important issues (fiduciary duties, piercing the entity veil, and more) in the LLC and partnership context.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Elizabeth S. Miller, Baylor Law School - Waco, TX
Douglas K. Moll, University of Houston Law Center - Houston, TX

2. Inadvertent Partnerships Revisited (Aug 2018)

John C. Ale

0.50 0.00 0.00 0.50  

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Video (mp4) 29 mins
Audio (mp3) 29 mins
Paper (pdf) 16 pgs
Slides (pdf) 11 pgs

SESSION 2 — 29 mins, credit 0.50

Session 2:

Inadvertent Partnerships Revisited (Aug 2018)

Hear an update on inadvertent partnerships after the Dallas Court of Appeals decision in Enterprise Products Partners, L.P. v. Energy Transfer Partners, L.P.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

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

3. Investments in LLCs and LPs: A Practical Discussion of Securities Compliance Issues  (Aug 2018)

Jennifer Lowary Smith

0.50 0.00 0.00 0.50  

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Video (mp4) 32 mins
Audio (mp3) 33 mins
Slides (pdf) 28 pgs

SESSION 3 — 32 mins, credit 0.50

Session 3:

Investments in LLCs and LPs: A Practical Discussion of Securities Compliance Issues  (Aug 2018)

Investments in small businesses require counsel to consider various federal and state securities compliance issues in connection with such a transaction. Walk through the various securities laws considerations and filing requirements that arise when your client decides to invest in a small business organized as an LLC or an LP.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Jennifer Lowary Smith, DuBois Bryant Campbell LLP - Austin, TX

4. Federal Tax Update (Aug 2018)

Brady J. Cox, William H. Hornberger

0.75 0.00 0.00 0.75  

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Video (mp4) 44 mins
Audio (mp3) 44 mins
Slides (pdf) 150 pgs
Slides (pptx)

SESSION 4 — 44 mins, credit 0.75

Session 4:

Federal Tax Update (Aug 2018)

Review rate considerations when considering entity selection, bonus depreciation considerations in planning acquisitions, new limitation on business losses, and other changes to the federal income tax law to consider when forming and structuring transactions under the Tax Cuts and Jobs Act of 2017.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Brady J. Cox, Jackson Walker LLP - Dallas, TX
William H. Hornberger, Jackson Walker LLP - Dallas, TX

5. Modern Ethics and the Movable Lawyer (Aug 2018)

George W. Coleman, Claude E. Ducloux

1.00 1.00 0.00 1.00 | 1.00 ethics  

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Video (mp4) 59 mins
Audio (mp3) 59 mins
Slides (pdf) 26 pgs

SESSION 5 — 59 mins, credit 1.00 | 1.00 ethics

Session 5:

Modern Ethics and the Movable Lawyer (Aug 2018)

Explore ethical issues and challenges with regards to lawyers moving between firms, conflicts of interest, and fiduciary duties in Corporate Representation.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

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

6. Blockchain and Smart Contracts (Aug 2018)

D. Hull Youngblood Jr.

0.50 0.00 0.00 0.50  

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Video (mp4) 34 mins
Audio (mp3) 34 mins
Slides (pdf) 17 pgs

SESSION 6 — 34 mins, credit 0.50

Session 6:

Blockchain and Smart Contracts (Aug 2018)

"Blockchain" may be the buzzword of the decade. But "Smart Contracts" are the application of blockchain that will impact almost every business sector and their lawyers.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

D. Hull Youngblood Jr., Of Counsel, The Ford Firm - San Antonio, TX

7. To C or not to C?  Entity Selection in the New Tax Age (Aug 2018)

Barbara Spudis de Marigny, Robert R. Keatinge

1.25 0.00 0.00 1.25  

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Video (mp4) 76 mins
Audio (mp3) 76 mins
Slides (pdf) 23 pgs

SESSION 7 — 76 mins, credit 1.25

Session 7:

To C or not to C?  Entity Selection in the New Tax Age (Aug 2018)

Tax reform enacted in 2017 changed the tax treatment of business entities, including a reduction in the corporate rate and a new deduction for partners, and brings new considerations into play when choosing or changing the form of doing business. Discuss the operation of the new rules that may influence your selection now, when and why pass-through entities may still be the right choice and how and when multi-entity structures may be useful.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

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

8. Management Provisions: Pros and Cons of Manager-Managed vs. Member-Managed (Aug 2018)

Shana McGirl, Allen Sparkman

0.75 0.00 0.00 0.75  

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Video (mp4) 38 mins
Audio (mp3) 38 mins
Paper (pdf) 19 pgs
Slides (pdf) 15 pgs

SESSION 8 — 38 mins, credit 0.75

Session 8:

Management Provisions: Pros and Cons of Manager-Managed vs. Member-Managed (Aug 2018)

Learn about issues that may arise with information rights, and the differences in securities law and self-employment tax when choosing member or manger managed. 

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Shana McGirl, McGinnis Lochridge - Austin, TX
Allen Sparkman, Sparkman + Foote LLP - Houston, TX

9. Breaking Up is Hard to Do...Without Good Documents (Aug 2018)

Trenton Hood

0.50 0.00 0.00 0.50  

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Video (mp4) 31 mins
Audio (mp3) 31 mins
Slides (pdf) 11 pgs

SESSION 9 — 31 mins, credit 0.50

Session 9:

Breaking Up is Hard to Do...Without Good Documents (Aug 2018)

Review some considerations in drafting ownership exit agreements for LLCs and partnerships.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Trenton Hood, Brookshire Grocery Company - Tyler, TX

10. Practical Consideration When Admitting an Employee as a Member of a Pass-Through Entity (Aug 2018)

Laura E. O'Donnell, Frank Z. Ruttenberg

0.75 0.00 0.00 0.75  

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Video (mp4) 42 mins
Audio (mp3) 42 mins
Paper (pdf) 12 pgs
Slides (pdf) 18 pgs

SESSION 10 — 42 mins, credit 0.75

Session 10:

Practical Consideration When Admitting an Employee as a Member of a Pass-Through Entity (Aug 2018)

Examine issues that may arise in connection with the admission of an employee into the ownership structure of a partnership or limited liability company as well as issues related to coordinating the terms and conditions of their employment agreement and any separation agreement with the term of the partnership agreement or company agreement.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Laura E. O'Donnell, Haynes and Boone, LLP - San Antonio, TX
Frank Z. Ruttenberg, Haynes and Boone, LLP - San Antonio, TX

11. Units: Less There Than Meets the Eye (Aug 2018)

Cliff Ernst, Robert R. Keatinge

0.50 0.00 0.00 0.50  

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Video (mp4) 31 mins
Audio (mp3) 31 mins
Paper (pdf) 17 pgs
Slides (pdf) 9 pgs

SESSION 11 — 31 mins, credit 0.50

Session 11:

Units: Less There Than Meets the Eye (Aug 2018)

Review the differing meanings of the term “units” when describing some or all of a member’s interest in an LLC or limited partnership. Consider the questions of whether a “unit” is equivalent to a “membership interest” or merely a way of determining a voting and sharing ratio, and when “units” are fungible like shares of stock. 

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Cliff Ernst, McGinnis Lochridge - Austin, TX
Robert R. Keatinge, Holland & Hart LLP - Denver, CO

12. Secretary of State Update (Aug 2018)

Carmen Flores

0.75 0.00 0.00 0.75  

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Video (mp4) 43 mins
Audio (mp3) 45 mins
Paper (pdf) 63 pgs
Slides (pdf) 28 pgs

SESSION 12 — 43 mins, credit 0.75

Session 12:

Secretary of State Update (Aug 2018)

Get a practical overview of the new entity name standard, hear filing tips, and learn about other administrative issues from the Office of the Secretary of State.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

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

13. Drafting Partnership and LLC Agreements for the New Partnership Audit Rules (Aug 2018)

Doug Jones

0.50 0.00 0.00 0.50  

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Video (mp4) 26 mins
Audio (mp3) 26 mins
Paper (pdf) 109 pgs
Slides (pdf) 9 pgs

SESSION 13 — 26 mins, credit 0.50

Session 13:

Drafting Partnership and LLC Agreements for the New Partnership Audit Rules (Aug 2018)

2018 ushers in a paradigm shift in the IRS's approach to partnership audits. Hear these new rules explained at a high level and review sample language to include in partnership and LLC agreements to account for these new rules.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Doug Jones, McGinnis Lochridge - Austin, TX

14. Drafting Indemnity Provisions on Small LLCs (Aug 2018)

Jesse P. Myers, Marc S. Tabolsky

0.75 0.00 0.00 0.75  

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Video (mp4) 48 mins
Audio (mp3) 48 mins
Slides (pdf) 8 pgs

SESSION 14 — 48 mins, credit 0.75

Session 14:

Drafting Indemnity Provisions on Small LLCs (Aug 2018)

Address the good, the bad and the ugly of indemnities.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Jesse P. Myers, Latham & Watkins LLP - Houston, TX
Marc S. Tabolsky, Schiffer Odom Hicks & Johnson, PLLC - Houston, TX

15. “Amendments,” the Most Important Provision in the Operating Agreement (Aug 2018)

Robert R. Keatinge, Ryan Giggs, Ryan Valenza

0.75 0.00 0.00 0.75  

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Video (mp4) 46 mins
Audio (mp3) 47 mins
Paper (pdf) 12 pgs
Slides (pdf) 7 pgs

SESSION 15 — 46 mins, credit 0.75

Session 15:

“Amendments,” the Most Important Provision in the Operating Agreement (Aug 2018)

Discuss the drafting and use of the “Amendments” provision in operating and partnership agreements. Explore provisions providing for amendment by fewer than all the members, including questions of amendments which uniquely adversely affect particular members or partners, effects of amendments on former members and partners, and the ability of amendments to ratify past actions.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Robert R. Keatinge, Holland & Hart LLP - Denver, CO
Ryan Giggs, Orrick, Herrington & Sutcliffe LLP - Houston, TX
Ryan Valenza, Winstead PC - Austin, TX

16. Ethics for Business Lawyers (Aug 2018)

Kennon L. Wooten, David Shank

1.00 1.00 0.00 1.00 | 1.00 ethics  

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Video (mp4) 61 mins
Audio (mp3) 60 mins
Paper (pdf) 30 pgs
Slides (pdf) 21 pgs

SESSION 16 — 61 mins, credit 1.00 | 1.00 ethics

Session 16:

Ethics for Business Lawyers (Aug 2018)

An overview of key ethical considerations entailed with identifying your client, representing multiple clients, and communicating with other lawyers' clients and unrepresented persons.

Originally presented at: Jul 2018 LLCs, LPs and Partnerships

Kennon L. Wooten, Scott Douglass & McConnico LLP - Austin, TX
David Shank, Scott Douglass & McConnico LLP - Austin, TX