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Fiduciary Duties in Closely-held Companies: What Owners Owe the Business & Other... (teleseminar)
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This program will provide you with a practical guide to fiduciary duties in corporations and LLCs, how they may be modified, and the practical consequences.

When: 03/13/2018
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.


Statutory and common law impose certain fiduciary duties – care, diligence, good faith and fair dealing – on directors and managers of corporate entities, managers of LLCs, and in certain instances on members of LLCs. The corporate and organizational opportunity doctrines also operate to restrict the activity of closely held company stakeholders, preventing misappropriation of certain corporate or LLC opportunities.  In certain instances, the owners of the entity may want to expand, limit, or even entirely eliminate these duties.  Depending on the entity involved and the specific duty, the law may allow modification by agreement but unintended consequences may be substantial.  This program will provide you with a practical guide to fiduciary duties in corporations and LLCs, how they may be modified, and the practical consequences.  

Fiduciary duties in closely held corporations and LLCs
Corporate fiduciary duties and standards of review – duty of loyalty and duty of care
Conflicts of interest and self-dealing issues in closely held corporations 
Fiduciary duties in LLCs – standards set by contract and by law
What duties may be modified or eliminated – and which may not
How the corporate and organizational opportunity doctrines work in closely held companies


Frank Ciatto is a partner in the Washington, D.C. office of Venable, LLP, where he has 20 years’ experience advising clients on mergers and acquisitions, limited liability companies, tax and accounting issues, and corporate finance transactions.  He is a leader of his firm’s private equity and hedge fund groups and a member of the Mergers & Acquisitions Subcommittee of the ABA Business Law Section.  He is a Certified Public Accountant and earlier in his career worked at what is now PricewaterhouseCoopers in New York.  Mr. Ciatto earned his B.A., cum laude, at Georgetown University and his J.D. from Georgetown University Law Center.


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


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