Thursday, December 19, 2013
(GMT-05:00) Eastern Time (US & Canada)
Limited Liability Companies are a hybrid company created by mixing a corporation and a partnership. Since some features are like a partnership and some features are like a corporation it represents an interesting business with new challenges for our credit unions. Now LLCs come in two flavors: Single Member and Multi-Member LLCs.
This session will cover:
CIP Requirements for Opening LLCs
Single Member LLCs opening documents
Multi-Member LLCs opening documents
Managing Member duties and responsibilities
Adding and deleting signers on LLCs
Tax reporting issues on LLCs
What to do when the members of the LLCs are other businesses
Filing Requirements at the Secretary of State’s Office
What to do when a member dies
FDIC insurance on LLCs
Speaker: Debbie Crawford is the President of gettechnical inc., a Baton Rouge based firm, specializing in the education of banks and credit unions across the nation. Her 23+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degree. Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.
Location: Via Telephone
Time: 11:00 am - 12:00 pm EST
Educational Investment: $109.00 per telephone connection. Unlimited Listeners and Free Audio Archive
****You must be registered for this session to hear the audio-recorded version and receive handouts.****
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