Get Up to Speed With
Two New Corporate Entities
• Flexible Purpose Corporations  • Benefit Corporations

Corporations are traditionally divided into two separate camps: For-profits and Nonprofits. But that's about to change. On January 1, 2012, California joined at least five other states in creating two new "hybrids" - "flexible purpose" corporations and "benefit" corporations - that can pursue charitable or public benefit purposes while still making profits for shareholders.

Our panel of experts in the field will explain the features of these new entities, how they come into being, how they operate . . . and why they may or may not make sense for your clients. For anyone representing existing and start-up ventures, this is a don't miss program!

Highlights

Presenters

Dates / Times / Locations

MCLE Credit

Tuition

Special Offers

Enrollment Form


Call for more information or to enroll:
818-990-3260 (Ext. 2) or 1-800-747-3161 (Ext. 2)

Highlights

FLEXIBLE PURPOSE CORPORATIONS

  • SETTING UP THE CORPORATION
    •  
  • SHARE ISSUANCE
    •     – Convertibility or redemption provisions?
        – Assessable shares?
        – Requiring supermajority votes?
        – Stock certificate legend requirements
        – Dividends and distributions
     
  • DIRECTOR DUTIES
    •  
  • REPORTS TO SHAREHOLDERS AND INFORMATION TO PUBLIC
    •  
  • MERGERS, CONVERSIONS AND REORGANIZATIONS
    •  
  • SHAREHOLDER DERIVATIVE ACTIONS AND ACTION BY ATTORNEY GENERAL
    •  
  • USEFULNESS OF FLEXIBLE PURPOSE CORPORATIONS - ARE THE
        ADVANTAGES WORTH THE RISKS?
    •  

    BENEFIT CORPORATIONS

  • SETTING UP THE CORPORATION
    •  
  • DIRECTOR AND OFFICER DUTIES
    •  
  • SHAREHOLDERS' OR DIRECTOR'S "BENEFIT ENFORCEMENT" ACTION
        AGAINST CORPORATION
    •  
  • TERMINATION OF BENEFIT CORPORATION STATUS
    •  

    OTHER NEW DEVELOPMENTS IN CALIFORNIA CORPORATE LAW

  • NEW STANDARDS GOVERNING CORPORATION'S ABILITY TO PAY DIVIDENDS
        AND REDEEM/REPURCHASE SHARES
        (AB 571)
    •  
  • CHANGES TO ANNUAL STATEMENT OF INFORMATION (AB 657)
    •  
  • DIRECTOR AND OFFICER LIABILITY UNDER CORPS.C. §25504 FOR
        CORPORATION'S VIOLATION OF SECURITIES STATUTES REGARDLESS OF
        CONTROL OVER CORPORATION
    •  
  • FRAUD RECOVERY BY HOLDERS OF WORTHLESS SECURITIES?
        (NEW SPLIT OF AUTHORITY)
    •  
  • ETHICAL CONSIDERATIONS
    •  

    Presenters

    C. HUGH FRIEDMAN
    Professor of Law
    University of San Diego School of Law
    MODERATOR

    JAMES F. FOTENOS
    Greene Radovsky Maloney
    Share & Hennigh LLP
    San Francisco

    KEITH P. BISHOP
    Allen Matkins Leck Gamble
    Mallory & Natsis LLP
    Irvine

    JOHN B. MONTGOMERY
    Montgomery & Hansen LLP
    Menlo Park

    SUSAN H. MAC CORMAC
    Morrison & Foerster LLP
    San Francisco
    San Francisco location only

    DAVID M. HERNAND
    Gibson Dunn
    Los Angeles
    Los Angeles location only
    Dates / Times / Locations
    Registration: 5:30 PM · Program: 6:00 PM - 9:15 PM

    LIVE PROGRAMS:

    SAN FRANCISCO
    WEDNESDAY, FEBRUARY 8, 2012
    Hotel Nikko San Francisco
    222 Mason Street
    (415) 394-1111

    LOS ANGELES
    MONDAY, FEBRUARY 13, 2012
    Los Angeles Marriott Downtown
    333 S. Figueroa Street
    (213) 617-1133

    VIDEO REPLAYS:

    COSTA MESA
    MONDAY, FEBRUARY 27, 2012
    The Westin South Coast Plaza
    686 Anton Blvd.
    (714) 540-2500

    SHERMAN OAKS
    TUESDAY, FEBRUARY 28, 2012
    Courtyard by Marriott
    15433 Ventura Boulevard
    (818) 981-5400

    SAN DIEGO
    WEDNESDAY, FEBRUARY 29, 2012
    Courtyard San Diego Airport/Liberty Station
    2592 Laning Road
    (619) 221-1900

    MCLE Credit

    3 HOUR MCLE (including 0.5 Hour Legal Ethics)
    The Rutter Group certifies that this activity has been approved for MCLE credit by The State Bar of California in the amount of 3 hours, of which 0.5 hour applies toward Legal Ethics. Visit www.RutterOnline.com™ to earn additional MCLE participatory credit!

    Tuition

    TRG Seminar PASSholders (admission only) - FREE

    TUITION - $160

    Special Offers for Enrollees:

    California Practice Guide: Corporations - $200 plus applicable sales tax (Regularly $415)



    For more information, please call (800) 747-3161, Ext. 2
    To order Rutter Group publications via the internet, click here.

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    © 2012 The Rutter Group. All rights reserved.
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