> Quick Bite: Opening LLC Accounts (Limited Liability Companies)

Thursday, December 19, 2013
11:00 AM Eastern Daylight Time
12:00 PM

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.****

AUDIO ARCHIVE! Can't tune in today? This session will be available on-line for 30 days after activation.

To register and pay by check, email mzelinsky@njcul.org and your credit union will be invoiced. To register and pay online, click here.