Faculty:
Adam J. Tutaj
Meissner Tierney Fisher & Nichols S.C.
Milwaukee
Henry J. Weiner
Meissner Tierney Fisher & Nichols S.C.
Milwaukee
8:00 a.m. : Registration
8:30 a.m. : Formation & Legal Characteristics of Wisconsin Business Organizations
- Partnerships/Limited Liability Partnerships (Chapters 178)
- Limited Partnerships (Chapter 179)
- Business Corporations (Chapter 180)
- Nonstock Corporations (Chapter 181)
- Limited Liability Companies (Chapter 183)
9:30 a.m. : Navigating Governance & Fiduciary Duty Considerations Among the Various Entity Forms
- Governance structure of each entity
- Fiduciary duties, rights, and limits of each entity
10:30 a.m. : Break
10:45 a.m. : The Unavoidable Subject of Tax – Part I (Big Picture Concepts)
- Impact of Tax Rates on Choice of Entity
- Passthrough Taxation vs. C Corp Status
- Choice of Passthrough Vehicle: Partnership vs. S Corporation
- “Disregarded Entities”
- Self-Employment Tax
11:35 a.m. : The Unavoidable Subject of Tax– Part II (Sales & Dispositions of Business)
- Tax implications for the sale and disposition of the business
- Enterprise v. goodwill considerations
12:05 p.m. : Professional Service Entities Introduction
12:20 p.m. : Lunch (on your own)
1:25 p.m. : Unique Considerations for Professional Service Entities
- What limits should be considered for professional service clients?
2:00 p.m: Putting It All Together – Applying Choice of Entity Considerations to Sample Fact Patterns
3:05 p.m. : Program Concludes
- Learn the basics of choosing and forming various types of business entities
- Understand the advantages and disadvantages of each entity for your client’s needs
- Find out about the different governance structures and fiduciary duties for each entity
- Know the importance of tax planning and tax implications when forming a business entity
- Discover the unique considerations you need to know for professional service entities
- Learn how to apply these concepts to hypothetical scenarios
- New attorneys desiring a foundation in this practice area
- Established attorneys new to business entity selection & formation
- Experienced attorneys looking for a review on choosing business entities

The Build Your Practice Series from State Bar of Wisconsin PINNACLE® introduces you to the fundamentals of various practice areas. Gain the tools and information you need to develop a new area of practice and expand your firm's offerings. Build Your Practice Series programs are endorsed by the State Bar's Young Lawyers Division.