1-Hour Program

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Overview

This Briefing will alert the participants to some of the important economic and legal issues faced by a small, minority-owned business.  Faculty will start with an introduction to the current status and challenges of minority-owned businesses in the U.S. They will then provide an overview of the following Essential Tools in Representing a Minority-Owned Small Business: (1) corporate and securities issues with the organization, financing, and operation of the basic forms of business (i.e., corporation, partnership, and limited liability company (LLC)); (2) federal income tax considerations in the choice of business entity (i.e., C corporation, S corporation, partnership, or LLC); and (3) negotiating Small Business Administration assistance for a minority-owned business.

Topics include:

  • Introduction to the economic landscape for the small minority-owned business (10 minutes)
  • Introduction to the corporate and federal securities law implications of organizing, financing and operating a small minority-owned business (20 minutes)
  • Introduction to federal income tax considerations in organizing and operating a small minority-owned business (15 minutes)
  • Introduction to the negotiation and documentation to an SBA guaranteed loan for a small minority-owned business (15 minutes)

 

Program Level:  Update

Intended Audience:  Attorneys, accountants and financial professionals who assist minority-owned small businesses, including in-house counsel, outside attorneys, bankers, partners of public accounting firms and their staff

Prerequisites:  None

Advanced Preparation:  None

 

Moderator:

Professor Samuel C. Thompson, Jr., Director, Center for the Study of M&A, Penn State Law

 

Faculty:

Sabrina Conyers, Partner, Nelson Mullins Riley & Scarborough LLP

Kay A. Gordon, Partner, Nelson Mullins Riley & Scarborough LLP

Eric Solomon, Partner, Steptoe & Johnson LLP

Daniel T. Sylvester, Associate, Holland & Knight LLP

 

 

 

Credit Details