Gene Richard recently chaired a panel of attorneys for Massachusetts Continuing Legal Education (MCLE) on the subject of Delaware vs. Massachusetts LLCs & Corporations. The presentation took place on Friday, September 21, 2012. The panel also included Joshua M. Bowman of Sherin and Lodgen LLP, Andrew S. Hochberg of Tamkin & Hochberg LLP, and Richard Heller, Senior Vice President and General Counsel of Legal Sea Foods LLC.
Speaking to an audience and broadcast live on the Web, the panel explored various differences between corporations and LLCs organized in Massachusetts and Delaware, focusing on two fundamental questions commonly raised by business clients in Massachusetts: 1) should their business be organized in Massachusetts or Delaware, and 2) should their business be operated as a corporation or an LLC? The panel discussed practical advice on how to guide clients, from the formation of their business entities, to dealing with director and shareholder matters, to the use of LLCs in conjunction with estate planning. The presentation concluded with a live “View from the Client Side” Q&A, in which Mr. Heller explained issues involved in Legal Sea Foods evolution from a Massachusetts corporation, to a Delaware corporation, to its recent conversion into a Delaware LLC.
More information about the seminar can be found by clicking here.