EVENT: Opening LLC Accounts (Session Code: 687)
Limited Liability Companies 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 it represents an interesting business with new challenges for our credit unions. Now LLCs come in two flavors: Single Member and Multi-Member LLCs.

This session will cover:
• 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
• What to do when the members of the LLCs are other businesses
• Filing Requirements at the Secretary of State’s Office
• What to do when a member dies
• FDIC insurance on LLCs


Illinois Pricing:
Affiliate: $ 100.00
Non-Affiliate: $200.00

Out of State Pricing:
Regular: $ 150.00

Contact: Drew Kayvani (Illinois Credit Union League)
Phone: 630-983-3418
Fax: 630-983-3212
Email: drew.kayvani@ilcusys.org


Speaker: Debbie Crawford
Speaker Bio:
Debbie Crawford is the President of gettechnical inc., a Baton Rouge based firm, specializing in the education of banks and credit unions across the nation. Her 23+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degree. Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.

Location(s):

Location 1:
Telephone - QB - December 19, 2013: 10:00 am CT
Duration: 11:00 am CT

Online registration for this event has ended.