See Credit Details Below
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