Telephone – Webcast – Audio/Visual CD Rom
12:00 – 1:30 PM Pacific Time
1:00 – 2:30 PM Mountain Time
2:00 – 3:30 PM Central Time
3:00 – 4:30 PM Eastern Time
Limited liability companies (LLCs) are growing exponentially - a trend that will continue into the future. LLCs 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, this presents new scenarios for business bankers. Now LLCs come in two flavors: single-member LLCs and multi-member LLCs. There are different challenges and tax reporting issues for each.
This program looks at documentation, tax reporting, and CIP issues for LLCs. We will also look at multi-tiered businesses where the members of LLCs are other business entities. This session will provide the opportunity to learn more about LLCs as they increase in popularity.
Note: Participant materials will include web links to each state’s LLC regulations.
HIGHLIGHTS
· 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
· “Doing Business As” on LLCs
· What to do when the members of the LLCs are other businesses
· Filing requirements with the Secretary of State
· What to do when an LLC member dies
· FDIC insurance on LLCs
· Can a LLC have a NOW account?
· Resolutions, signature cards, and changes
WHY SHOULD YOU PARTICIPATE?
This session is a cost-effective way to train officers and staff on LLC ownership and the bank’s responsibilities. You may train as many individuals as you like for one set price. There will be no travel costs, time lost from work, and no one will be required to leave the institution.
WHO SHOULD ATTEND?
This informative session is for customer service representatives, personal bankers, branch managers, branch administration, loan officers, secretaries, and anyone who works the frontline or is responsible for account- opening compliance.
ABOUT THE PRESENTER – Deborah Crawford
Deborah is president of gettechnical inc. She specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, complex compliance regulations and IRAs. She began her banking career with Hibernia National Bank, and holds both a bachelor’s and master’s degree from Louisiana State University.
This training method allows unlimited listeners on your office speaker phone. By choosing the webcast option, participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be one hour and fifteen minutes in length with an additional fifteen minutes for questions and answers. Seminar materials will be sent prior to the broadcast along with hookup instructions. Your pin number, hookup instructions and handouts will be emailed to you. You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.
The CD Rom is complete with the audio track and visual presentation from the original webcast, question & answer sessions, plus participant handouts. You will also have the ability to contact the presenter with follow-up questions. With this CD, you will have an “off-the-shelf” training program for your review, for use by those who were not able to attend the live seminar or for future training purposes. Affordable, professional training, when and where you choose!
*CD Rom for PC use only