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Original Program: 2018 Basics of Business Law, October 4, 2018

Available format

This program is developed for attorneys who are new to the practice of business law, as well as for more experienced attorneys seeking an update on recent legal developments.

It includes overviews of business entity choice, corporate formation and LLC operating agreements.

It also provides attendees with valuable instruction on other business law issues including business taxation, employment law and intellectual property law.

Sessions outlining a corporate transaction and an interactive discussion of professional responsibility for business law practitioners are covered, as well.

  • Learn how to choose and form the right entity for your client’s business needs
  • Gain practical skill in drafting LLC operating agreements and closing a corporate transaction
  • Understand basics of business taxation under the new tax law
  • Expand your knowledge of employment law and intellectual law issues relevant to your business clients

Planned by the NCBA Business Law Section

Click on the "In Depth" tab for session and speaker information.

TUITION RATE. Membership discounts automatically apply at checkout.  

Standard: $390
NCBA Member: $325
NCBA Business Law Section Member: $300
CLE Premier Pass: $0

Discounts are available for NCBA members who are law professors, judges, or legal services/public interest attorneys. Call CLE at 800.228.3402 for details.

Product Information
Product Date:
October 04, 2018
Chapter 1 | Choosing the Form of Business Entity | 45 minutes

This session discusses the comparison of considerations in using alternative entity forms (limited liability companies, "C" corporations, "S" corporations, partnerships, nonprofits, and other miscellaneous entity forms) as well as practical tips for organization (e-filing, DBAs, home businesses, county licensing, annual report filing and reinstatement).

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Speaker Information
Abbie G Baynes   [ view bio ]
Chapter 2 | Overview of LLC's and Operating Agreements | 61 minutes

Individuals desiring to carry on a business for profit (either by themselves or with others) have several different forms available to them, with each having somewhat different legal and/or tax characteristics. The role of a business planner is to choose the form of doing business that most closely matches the client’s overall economic objectives and which carries with it the least burdensome tax characteristics.

This session summarizes certain significant legal and tax characteristics of limited liabilities (“LLC’s”) as well as issues typically addressed in the operating agreements governing the rights and responsibilities of the members owning an interest in an LLC.

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Speaker Information
John W Babcock  [ view bio ]
Chapter 3 | Organizing and Operating a Corporation | 62 minutes

This session provides information regarding the critical decisions in organizing and operating a corporation, including:

  • Choice of jurisdiction of incorporation
  • Corporate ownership, capital and management structure
  • Articles of incorporation
  • Optional charter provisions
  • Bylaws
  • Organizational meeting
  • Initial and ongoing filing and reporting requirements
  • Shareholder and restrictive stock agreements
  • Corporate housekeeping
  • Meetings of directors and shareholders
  • Charter and bylaw amendments
  • Stock transfers
  • Foreign qualification
  • Dissolution and liquidation

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Speaker Information
Stephen F Later   [ view bio ]
Chapter 4 | Basics of Business Taxation | 46 minutes

This session provides a basic overview of certain federal income tax considerations relating to different forms of operating a business.

It discusses the different forms in which a business may be operated for federal income tax purposes - which do not always align with corporate or business law characterizations.

This session also addresses the basic framework of taxation of each of these forms of business and/or their owners, including recent changes in law relating to that taxation (specifically US federal income).

It also summarizes in additional detail one particular aspect of the “Tax Cuts and Jobs Act” – the 20% deduction for Qualified Business Income available to individuals.

The materials also provide an illustration of the operation of these tax rules to different forms of business and discusses tax-related considerations for choice of entity.

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Speaker Information
Kristin King   [ view bio ]
Chapter 5 | Anatomy of a Deal | 47 minutes

In this session, learn the anatomy of a corporate transaction, exploring the major components of a transaction, from the letter of intent stage to post-closing.

  • Fact patterns
  • Engagement letter
  • Letter of Intent (LOI)
  • Due diligence
  • Definitive agreement
  • Ancillary agreements
  • Closing and closing items
  • Post-closing items

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Speaker Information
Brandy B Milazzo   [ view bio ]
Chapter 6 | Intellectual Property Law Overview: Categories of Intellectual Property in the United States and How They are Protected | 46 minutes

This session provides an overview of the basics of patents, trademarks, copyrights and trade secrets with the intent of helping you spot potential issues and red flags.

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Speaker Information
Clara Cottrell   [ view bio ]
Chapter 7 | Basics of Employment Law | 47 minutes

From non-competes to discrimination to wage and hour concerns, this session seeks to provide a foundation for addressing employment law concerns relevant to any company.

It also describes the federal and state law that are applicable to employers in North Carolina generally, and provides practical tips on how employers can comply with the law.

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Speaker Information
Benjamin R 'Ben' Holland   [ view bio ]
Chapter 8 | Conflicts, Claims and Common Concerns for Business Law Practitioners | 57 minutes

This session focuses on common ethical dilemmas faced by business attorneys and their staff, including conflicts of interest, multiple party representation and red flag clients.

Particular emphasis is given to the need for good engagement letters before the representation begins and how to respond when an error is discovered.

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Speaker Information
Troy G Crawford   [ view bio ]
Individual topic purchase: Selected
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 6.75
General: 6.00
Ethics/Professional Responsibility: 0.75
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