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.
Over $75 million - $109 per telephone connection
$7-$75 million - $89 per telephone connection
Under $7 million - $59 per telephone connection
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $7M, 50% for credit unions between $7-$75M and 25% for credit unions over $75M.
An audio archive is available at no additional charge and can be accessed for 60 days after the live session. Instructions on accessing the archive will be sent with your connecting instructions and confirmation.
Sorry, no cancellations are allowed after connecting instructions and handout materials have been sent to registrants. Substitutions are welcomed and encouraged.