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Unpacking Wisconsin’s New Business Entity Law 2022

Product ID: CA3362W
Presented By: State Bar of Wisconsin PINNACLE

Co-produced with the Business Law Section of the State Bar of Wisconsin

Take care of business

The long-anticipated modernization and overhaul of Wisconsin’s business entity laws has arrived. New provisions streamline, clarify, and bring into uniformity five chapters of Wisconsin law governing limited liability companies, limited partnerships, partnerships, business corporations, and nonstock corporations. Although the changes don’t start until January 2023, early opt-in is available now. That means you’ll want to be up to speed right away so you can set your clients up for optimal success.

At Unpacking Wisconsin’s New Business Entity Law, attorneys involved in drafting the new business entity legislation will give you valuable insight on what to expect, including provisions that impact:

  • Formation of entities under the new statutes (including new flexibility for articles of organization)
  • Shareholder, partnership, and operating agreements
  • Actual and apparent authority
  • Dissociation, dissolution, and winding up
  • Mergers, conversions, and other business-structure transactions
  • Actions by members
  • And more!
Read More ↓

Interested in sponsoring this program? Find out more.

Pricing

Member $239.00

Non-Member $319.00

Credits

4 CLE

Date and Time

Thursday, September 01, 20228:30 AM - 12:05 PM CT

Add to Calendar 9/1/2022 8:30:00 AM 9/1/2022 12:05:00 PM America/Chicago Unpacking Wisconsin’s New Business Entity Law 2022

Co-produced with the Business Law Section of the State Bar of Wisconsin

Take care of business

The long-anticipated modernization and overhaul of Wisconsin’s business entity laws has arrived. New provisions streamline, clarify, and bring into uniformity five chapters of Wisconsin law governing limited liability companies, limited partnerships, partnerships, business corporations, and nonstock corporations. Although the changes don’t start until January 2023, early opt-in is available now. That means you’ll want to be up to speed right away so you can set your clients up for optimal success.

At Unpacking Wisconsin’s New Business Entity Law, attorneys involved in drafting the new business entity legislation will give you valuable insight on what to expect, including provisions that impact:

  • Formation of entities under the new statutes (including new flexibility for articles of organization)
  • Shareholder, partnership, and operating agreements
  • Actual and apparent authority
  • Dissociation, dissolution, and winding up
  • Mergers, conversions, and other business-structure transactions
  • Actions by members
  • And more!
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The BUSL Section discount applies ONLY to the in-person seminar and live webcast on September 1, 2022. The discount is limited to the first 150 section members who register. The discount is not applicable to other versions of this seminar nor CLE OnDemand. The BUSL section discount is limited and be discontinued at any time.

Log in to register.

Maximum quantity must be less than or equal to 1.

Co-produced with the Business Law Section of the State Bar of Wisconsin

Take care of business

The long-anticipated modernization and overhaul of Wisconsin’s business entity laws has arrived. New provisions streamline, clarify, and bring into uniformity five chapters of Wisconsin law governing limited liability companies, limited partnerships, partnerships, business corporations, and nonstock corporations. Although the changes don’t start until January 2023, early opt-in is available now. That means you’ll want to be up to speed right away so you can set your clients up for optimal success.

At Unpacking Wisconsin’s New Business Entity Law, attorneys involved in drafting the new business entity legislation will give you valuable insight on what to expect, including provisions that impact:

  • Formation of entities under the new statutes (including new flexibility for articles of organization)
  • Shareholder, partnership, and operating agreements
  • Actual and apparent authority
  • Dissociation, dissolution, and winding up
  • Mergers, conversions, and other business-structure transactions
  • Actions by members
  • And more!
Read More ↓

Presenters:

Joseph W. Boucher

Neider & Boucher, S.C.
Madison

Randal J. Brotherhood
Meissner Tierney Fisher & Nichols, S.C.
Milwaukee

Matthew R. Lynch
Wisconsin Department of Financial Institutions
Madison

Thomas J. Nichols
Meissner Tierney Fisher & Nichols, S.C.
Milwaukee

Adam J. Tutaj
Meissner Tierney Fisher & Nichols, S.C.
Milwaukee

 

8:00 a.m. : Registration

8:30 a.m. : Limited Liability Companies

  • Articles of Organization – no longer governs an LLC’s management; how and when to opt for member-managed
  • Operating Agreements – why they will now immediately exist upon formation
  • Fiduciary Duties – no more waivers of Duty of Loyalty, Duty of Care, or the contractual obligations of Good Faith and Fair Dealing. How operating agreements can impact this.
  • Effective dates: how and why to opt in early, how to opt out and remain governed by old law
  • Analysis of who should opt in early; who should remain governed by old law?

Joseph W.Boucher, Adam J. Tutaj

9:45 a.m. : Break

10:00 a.m. : Limited Partnerships and Partnerships

  • Why Limited Partnerships? – centralized management, tax benefits, protection from personal liability
  • Explicit standards of conduct
  • General partner duty standards
  • Prohibited and allowed modification of standards
  • Deletion of troublesome limited partner management language
  • New clear nonliability language for limited partners
  • Corporate liquidation procedures for general/limited partnerships

Thomas J. Nichols

11:15 a.m. : Business Corporations & Nonstock Corporations; Cross-Species Transactions

  • Cross-species mergers, interest exchange, conversion,  and domestication transactions throughout all five business entity chapters
  • Forum selection for internal corporate claims
  • Effective date of shareholder, member, and director consents

Randal J. Brotherhood, Matthew R. Lynch

11:55 a.m. : Q & A Session

12:05 p.m. : Program Concludes

Following program start times, webcast replay schedule may vary slightly from above listed times.

  • Get a first look at changes to the law so you can anticipate the impact on your clients
  • Determine whether to create new business entities under the new or current law before the changes take effect on January 1, 2023
  • Hear insights from practitioners who worked directly with legislative authors and the Legislative Reference Bureau to develop the new law
  • Business lawyers
  • Tax lawyers
  • Certified public accountants
  • General practitioners

Business Law Section members save on tuition!

Business Law Section members pay just $170 for the in-person seminar or $190 for the live webcast on September 1*. But act quickly – this special rate is limited to the first 150 Business Law Section members who register.

*The Business Law Section member discount only applies to live and live webcast versions of this seminar – not webcast replays or CLE OnDemand. Section members using Ultimate Passes, other CLE passes, or other discounts are not eligible for this offer. The Business Law Section may discontinue this discount at any time.


Book Sale – Save 20%

LLCs and LLPs: A Wisconsin Handbook

Save 20% on LLCs and LLPs: A Wisconsin Handbook.* Plus, all seminar attendees receive a free two-week trial of the Books UnBound® version. Find detailed discussions on the choice of an appropriate business entity, organization of the business, formalities, and operational and tax issues.

Use discount code CA3362 when you order online or by calling (800) 728-7788.

*Discount applies to both print and digital Books UnBound editions of this title and cannot be applied to previous purchases. Offer valid as long as CLE credit is available for this program. For Books UnBound users, discount may be applied to purchase of individual Books UnBound title only and may not be used on purchase of full library.

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