Course Information

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Limited Liability Companies: The New Uniform Act and Current Status of the Series LLC
Author: CCH Tax Law Editors with Contributing Authors

Description:

The LLC has been with us since Delaware enacted the first LLC statute in 1996. It can probably be anticipated that within the next ten years, virtually all states will offer a series LLC alternative. This course analyzes the Revised Uniform Limited Liability Company Act that was finalized last year. This Act is an important development that should be monitored closely by LLC practitioners. In addition, this course compares the recently enacted Illinois series LLC statute with the Delaware statute, and discusses some of the open tax issues that remain regarding the tax characterization of series LLCs.

Topics covered include:

  • The Revised Uniform Limited Liability Company Act
  • Series LLCs
  • Filing Fee
  • Practical Uses of Series LLC
  • Open Issues and Analysis
  • Tax Treatment

Course Details:
Price:  $45.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Overview
CTEC course number:  1075-CE-5115
Course was last updated on:  03/05/2008
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Library:
State Taxation

Technical Requirements:
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Credit Available For: Units
CPE 3.00 CPE
CTEC Federal 3.00 CE
Enrolled Agent (Accepted by the IRS) 3.00 CPE
National Registry Interactive 3.00 CPE
National Registry New Standards 3.00 CPE
QAS 3.00 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.