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I Want Out, Too: Russian Roulette/Stand-Off & Tag-Along Rights in Business Transaction (teleseminar)
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This program will provide you with a practical to planning and drafting contractual liquidity rights in closely held companies.

1/16/2018
When: 01/16/2018
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781


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One-hour CLE programs are just a phone call away
Convenient, affordable, timely and informative
 
An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

 
I WANT OUT, TOO: RUSSIAN ROULETTE/STAND-OFF & TAG-ALONG RIGHTS IN BUSINESS TRANSACTIONS, 1 CLE hour
 

A client investment in an operating business, particularly a minority stake, is only as good as its liquidity.  If a client cannot readily sell his or her ownership stake at fair market value, it has little real value. The key to ensuring liquidity is contractually creating a private market for the ownership stake.  This market can come in the form of requiring other stakeholders, including a majority owner, to buy the minority stake at a mutually agreeable price, or providing other mechanisms for selling the stake to third party buyers. Without these contract rights, a stakeholder has no liquidity and is stuck. This program will provide you with a practical to planning and drafting contractual liquidity rights in closely held companies.

 

Planning and drafting liquidity rights in closely held companies
Counseling clients about the limitations and risks of liquidity in closely held companies 
Framework of alternatives for determining most appropriate liquidity rights 
Texas standoff/Russian roulette – opportunities, risks and tradeoffs
Drafting “tag-along” and “drag-along” rights – practical uses and drawbacks
Understanding how to think about valuing closely held ownership stakes 


Speaker:


Allen Sparkman is a partner in the Houston, Fort Worth, and Denver offices of Sparkman Foote, LLP.  He has practiced law for over forty years in the areas of estate, tax, business, insurance, asset protection, and charitable giving.  He has written and lectured extensively on choice-of-entity, charitable giving and estate planning topics.  He is the Colorado reporter for the books "State Limited Partnership Laws" and "State Limited Liability Company Laws," both published by Aspen Law & Business and co-author of “Using Limited Liability Companies, Partnerships, and Limited Partnerships in Colorado,” publishing by CLE in Colorado, Inc.  Mr. Sparkman received his A.B. with honors from Princeton University and his J.D. with high honors from the University of Texas School of Law.


 

*(Teleseminar courses qualify for self-study credit only)  

 

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