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New Amendments to Delaware's LLC and LP Acts

Gain a better understanding of the new amendments and how they will impact your clients.

Practitioners across the country are well served to follow developments in Delaware corporate and alternative entity law and the impact of such developments to their clients. Failure to do so could lead to missed structuring opportunities and inefficiencies. This topic is led by two Delaware lawyers actively involved in the state's efforts to review and update applicable corporate and alternative entity statutes. This information will describe in detail Delaware's new LLC division statute and its possible uses, the benefits of Delaware's newly created registered series statutes and recent improvements to the DGCL. This topic is critical for any practitioners dealing with Delaware entities.

Runtime: 98 minutes
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Part I: Highlights of 2018 Amendments to the Delaware LLC Act

  • Division of LLC
    • Potential Uses
    • Process
    • Effects of Division
    • Protective Provisions
    • Practice Points
    • Tax Considerations
  • Registered Series
    • Series Defined
    • Tax Considerations
    • Registered Series Attributes
    • Conversion and Merger
  • Statutory Public Benefit LLCs
    • Formation and Use
    • Balancing of Interests

Part II: Highlights of 2018 Amendments to the Delaware General Corporation Law

  • Application of Market out Exception to Section 251(h) Mergers
  • Changes to Appraisal Statement
  • Changes to Ratification of Defective Corporate Acts

Part III: Highlights of 2018 Amendments to the Delaware LP Act

  • No Material Amendments
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on May 14, 2019.

Call 1-866-352-9540 for further credit information.

  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.75
     
  • NJ CLE 2.0
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.75
     
  • WV MCLE 2.0
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Faiz Ahmad

Faiz Ahmad

Skadden, Arps, Slate, Meagher & Flom LLP

  • M&A Partner in the Wilmington, Delaware office of Skadden, Arps, Slate, Meagher & Flom LLP
  • Advises clients in a wide variety of corporate matters, including mergers and aacquisitions, private equity transactions, joint ventures, partnership and limited liability company law and securities law matters
  • Advises clients and other lawyers in the firm on issues of Delaware law, including fiduciary duty and corporate governance matters
  • Named a 2016 Delaware Lawyer on the Fast Track by The Delaware Law Weekly
  • Notable representations include The Blommer Chocolate Company in its sale to Fuji Oil; Modular Space Holdings in its sale to WillScot Corporation; Carbonite in its proposed acquisition of Webroot; Forrester Research in its acquisition of Sirius Decisions; Patheon N.V. in its sale to Thermo Fisher Scientific; and JLL Partners in numerous acquisitions and dispositions
Allison Land

Allison Land

Skadden, Arps, Slate, Meagher & Flom LLP

  • Head of the M&A/Corporate Group in Skadden, Arps, Slate, Meagher & Flom LLP’s Wilmington office
  • Has a diverse corporate practice with extensive experience in joint ventures, mergers and acquisitions, and corporate and alternative entity law focusing on Delaware laws governing limited liability companies and limited partnerships
  • Counseled clients on the use of Delaware alternative entities in connection with joint ventures, equity investments, spin-offs, REIT conversions, acquisitions, financings, reorganizations, serializations, divisions and securities offerings
  • Advised equity sponsors and asset management firms in a variety of matters, including investments, acquisitions, internal governance, and debt and equity securities offerings
  • Serves on the Council of the Delaware Corporation Law Section of the Delaware State Bar Association and the Alternative Entity subcommittee of the Corporation Law Council, which is responsible for reviewing and recommending revisions to the Delaware General Corporation Law and the Delaware Limited Liability Company Act, Limited Partnership Act and General Partnership Act, respectively
  • Repeatedly has been listed in Chambers USA: America’s Leading Lawyers for Business, The Best Lawyers in America and The Best Lawyers in Delaware
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Pay once and get a full year of unlimited training in any format, any time!

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Product ID: 405451
Published 2019
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