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.