Print Page   |   Contact Us   |   Sign In   |   Register
Management & Information Control Issues in Closely Held Companies (teleseminar)
Tell a Friend About This EventTell a Friend

This program will provide you with a practical guide to allocating voting and management rights, and restricting information rights, in closely held companies.

When: 11/20/2017
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781

Online registration is closed.
« Go to Upcoming Event List  

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.

Closely held companies, whether owned by members of a family or by unrelated parties, often want to concentrate voting power and management rights in a subset of stockholders or members.  This may be to capitalize on the expertise of certain holders, achieve other family succession, or other goals.  Also, investors may be content to vest management control in founders or operational experts but with the provision that investors gain full control of the company on the breach of financial covenants or occurrence of other events.  In the same way, controlling stockholders or members may want to restrict access to important information about the company, preventing minority stakeholders in the company from accessing it.  This program will provide you with a practical guide to allocating voting and management rights, and restricting information rights, in closely held companies. 

Drafting practical mechanisms for allocation of voting power/management rights
Fiduciary issues when voting power is concentrated in a subset of stockholders/members
Relationship of voting mechanisms to authority/powers of board of directors
Legal and practical differences in voting arrangements in corporate and pass-through entities
Change of control provisions on certain triggering events/breach of financial covenants
Rights & permissible restrictions on stockholder/member access to company information
Access to tax information in pass-through entities


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)  


Association Management Software Powered by YourMembership  ::  Legal